iShares Global Energy ETF (NYSEARCA:IXC) Short Interest Update

iShares Global Energy ETF (NYSEARCA:IXC) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,012,258 shares, a growth of 191.1% from the January 15th total of 347,712 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily volume of 408,612 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily volume of 408,612 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.2% of the shares of the stock are short sold.

iShares Global Energy ETF Trading Up 0.6%

iShares Global Energy ETF stock traded up $0.32 during mid-day trading on Friday, reaching $50.02. The company had a trading volume of 342,397 shares, compared to its average volume of 511,157. The business has a fifty day simple moving average of $44.37 and a 200 day simple moving average of $42.50. The company has a market cap of $2.27 billion, a P/E ratio of 13.85 and a beta of 0.69. iShares Global Energy ETF has a fifty-two week low of $33.89 and a fifty-two week high of $50.71.

Institutional Investors Weigh In On iShares Global Energy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Axxcess Wealth Management LLC raised its holdings in iShares Global Energy ETF by 17.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 15,241 shares of the company’s stock worth $599,000 after purchasing an additional 2,240 shares during the last quarter. J.Safra Asset Management Corp bought a new position in iShares Global Energy ETF during the second quarter worth $151,000. Ifrah Financial Services Inc. lifted its holdings in iShares Global Energy ETF by 92.7% in the second quarter. Ifrah Financial Services Inc. now owns 13,449 shares of the company’s stock valued at $528,000 after buying an additional 6,471 shares during the period. Townsend & Associates Inc bought a new stake in iShares Global Energy ETF during the second quarter valued at $201,000. Finally, Clune & Associates LTD. grew its holdings in iShares Global Energy ETF by 30.8% during the 2nd quarter. Clune & Associates LTD. now owns 51,207 shares of the company’s stock worth $2,012,000 after acquiring an additional 12,057 shares during the period.

About iShares Global Energy ETF

iShares Global Energy ETF (the Fund), formerly iShares S&P Global Energy Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global Energy Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index, and measures the performance of companies that S&P deems to be part of the energy sector of the economy. Component companies include oil equipment and services, oil exploration and production, and oil refinery, oil storage and transportation, and coal and uranium mining companies.