iShares U.S. Energy ETF (NYSEARCA:IYE) Sees Large Decline in Short Interest

iShares U.S. Energy ETF (NYSEARCA:IYE) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 625,881 shares, a decline of 21.7% from the January 15th total of 798,988 shares. Based on an average trading volume of 1,458,068 shares, the short-interest ratio is currently 0.4 days. Approximately 2.6% of the company’s stock are short sold. Approximately 2.6% of the company’s stock are short sold. Based on an average trading volume of 1,458,068 shares, the short-interest ratio is currently 0.4 days.

iShares U.S. Energy ETF Stock Up 0.8%

Shares of IYE stock traded up $0.43 during trading hours on Monday, hitting $57.41. 1,367,361 shares of the company’s stock traded hands, compared to its average volume of 1,723,627. The stock’s fifty day simple moving average is $50.77 and its two-hundred day simple moving average is $48.33. iShares U.S. Energy ETF has a 12-month low of $39.35 and a 12-month high of $58.30. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 15.53 and a beta of 0.78.

Institutional Investors Weigh In On iShares U.S. Energy ETF

A number of institutional investors have recently modified their holdings of IYE. Goldman Sachs Group Inc. raised its position in shares of iShares U.S. Energy ETF by 14.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 722,662 shares of the company’s stock worth $34,348,000 after purchasing an additional 90,366 shares during the last quarter. UBS Group AG increased its stake in iShares U.S. Energy ETF by 3.0% during the 4th quarter. UBS Group AG now owns 603,424 shares of the company’s stock valued at $28,681,000 after purchasing an additional 17,453 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in iShares U.S. Energy ETF by 0.3% in the third quarter. Ameriprise Financial Inc. now owns 376,191 shares of the company’s stock worth $17,870,000 after buying an additional 943 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of iShares U.S. Energy ETF by 6.0% in the second quarter. MML Investors Services LLC now owns 260,536 shares of the company’s stock worth $11,781,000 after buying an additional 14,798 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of iShares U.S. Energy ETF by 19.2% in the second quarter. JPMorgan Chase & Co. now owns 242,090 shares of the company’s stock worth $10,947,000 after buying an additional 39,042 shares in the last quarter. 52.46% of the stock is owned by hedge funds and other institutional investors.

About iShares U.S. Energy ETF

iShares U.S. Energy ETF (the Fund), formerly iShares Dow Jones U.S. 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 Dow Jones U.S. Oil & Gas Index (the Index). The Index measures the performance of the oil and gas sector of the United States equity market, and includes companies in industry groups, such as oil and gas producers, and oil equipment, services and distribution. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.