iShares North American Natural Resources ETF (BATS:IGE) Stock Short Interest Drops 71.1%

iShares North American Natural Resources ETF (BATS:IGE) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 80,510 shares, a decrease of 71.1% from the September 15th total of 278,787 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 99,006 shares, the days-to-cover ratio is presently 0.8 days.

iShares North American Natural Resources ETF Stock Performance

iShares North American Natural Resources ETF stock opened at $64.77 on Tuesday. iShares North American Natural Resources ETF has a 52-week low of $46.65 and a 52-week high of $67.33. The firm has a 50 day moving average price of $64.11 and a two-hundred day moving average price of $61.49. The firm has a market cap of $884.11 million, a price-to-earnings ratio of 16.66 and a beta of 0.79.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Several large investors have recently modified their holdings of IGE. Continuum Advisory LLC acquired a new position in iShares North American Natural Resources ETF in the second quarter valued at $53,000. Quantitative Investment Management LLC bought a new stake in iShares North American Natural Resources ETF during the second quarter valued at $1,532,000. Arkadios Wealth Advisors acquired a new stake in iShares North American Natural Resources ETF during the 1st quarter worth about $1,910,000. Sunbelt Securities Inc. grew its holdings in iShares North American Natural Resources ETF by 47.8% during the 1st quarter. Sunbelt Securities Inc. now owns 19,260 shares of the company’s stock worth $1,212,000 after acquiring an additional 6,225 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of iShares North American Natural Resources ETF by 1.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,266 shares of the company’s stock worth $583,000 after acquiring an additional 171 shares in the last quarter.

About iShares North American Natural Resources ETF

iShares North American Natural Resources ETF, formerly iShares S&P North American Natural Resources Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded natural resource-related stocks as represented by the S&P North American Natural Resources Sector Index (the Index). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.