iShares Global Energy ETF (NYSEARCA:IXC) Short Interest Up 42.3% in February

iShares Global Energy ETF (NYSEARCA:IXC) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 577,280 shares, an increase of 42.3% from the February 12th total of 405,547 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 1,335,262 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 1,335,262 shares, the short-interest ratio is currently 0.4 days. Approximately 1.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in iShares Global Energy ETF in the third quarter worth about $990,000. Client 1ST Advisory Group LLC lifted its holdings in shares of iShares Global Energy ETF by 26.8% during the third quarter. Client 1ST Advisory Group LLC now owns 74,398 shares of the company’s stock valued at $3,106,000 after purchasing an additional 15,715 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of iShares Global Energy ETF by 5.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 40,865 shares of the company’s stock worth $1,614,000 after purchasing an additional 2,013 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of iShares Global Energy ETF by 3.7% in the 2nd quarter. Avantax Advisory Services Inc. now owns 110,300 shares of the company’s stock worth $4,334,000 after buying an additional 3,947 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in iShares Global Energy ETF by 20.6% during the 2nd quarter. Cetera Investment Advisers now owns 253,826 shares of the company’s stock valued at $9,973,000 after buying an additional 43,310 shares in the last quarter.

iShares Global Energy ETF Trading Up 0.5%

IXC traded up $0.26 during trading on Friday, reaching $54.03. The stock had a trading volume of 407,097 shares, compared to its average volume of 787,417. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69. The stock’s 50 day moving average is $48.27 and its two-hundred day moving average is $44.15. iShares Global Energy ETF has a one year low of $33.89 and a one year high of $54.27.

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.