Short Interest in iShares Global Energy ETF (NYSEARCA:IXC) Decreases By 27.9%

iShares Global Energy ETF (NYSEARCA:IXC) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 343,456 shares, a decline of 27.9% from the December 15th total of 476,553 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 403,379 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 403,379 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.8% of the company’s stock are short sold.

Institutional Trading of iShares Global Energy ETF

Several institutional investors have recently bought and sold shares of IXC. Pin Oak Investment Advisors Inc. purchased a new position in iShares Global Energy ETF in the third quarter worth about $30,000. Advisory Services Network LLC bought a new stake in shares of iShares Global Energy ETF during the third quarter valued at approximately $38,000. Fortitude Family Office LLC bought a new stake in shares of iShares Global Energy ETF during the third quarter valued at approximately $40,000. Sound Income Strategies LLC raised its holdings in iShares Global Energy ETF by 2,153.8% in the 2nd quarter. Sound Income Strategies LLC now owns 1,758 shares of the company’s stock worth $69,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Kilter Group LLC bought a new position in iShares Global Energy ETF in the 2nd quarter valued at approximately $75,000.

iShares Global Energy ETF Stock Up 0.5%

Shares of NYSEARCA IXC traded up $0.20 during trading on Monday, reaching $44.20. The company had a trading volume of 311,659 shares, compared to its average volume of 486,396. iShares Global Energy ETF has a 12-month low of $33.89 and a 12-month high of $44.90. The stock has a market cap of $2.01 billion, a PE ratio of 13.85 and a beta of 0.69. The business’s 50-day moving average is $42.60 and its 200 day moving average is $41.53.

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.