iShares Global Energy ETF (NYSEARCA:IXC) Short Interest Down 59.9% in February

iShares Global Energy ETF (NYSEARCA:IXC) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 405,547 shares, a decrease of 59.9% from the January 29th total of 1,012,258 shares. Based on an average daily trading volume, of 621,115 shares, the short-interest ratio is presently 0.7 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 621,115 shares, the short-interest ratio is presently 0.7 days.

iShares Global Energy ETF Stock Up 1.7%

Shares of IXC stock opened at $51.81 on Friday. The company has a market cap of $2.35 billion, a P/E ratio of 13.85 and a beta of 0.69. The business has a 50 day moving average of $46.08 and a two-hundred day moving average of $43.27. iShares Global Energy ETF has a 52 week low of $33.89 and a 52 week high of $51.97.

Institutional Investors Weigh In On iShares Global Energy ETF

Several large investors have recently added to or reduced their stakes in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of iShares Global Energy ETF during the third quarter valued at approximately $990,000. Client 1ST Advisory Group LLC boosted its stake in iShares Global Energy ETF by 26.8% during the 3rd 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 in the last quarter. TD Waterhouse Canada Inc. boosted its stake in iShares Global Energy ETF by 5.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 40,865 shares of the company’s stock valued at $1,614,000 after purchasing an additional 2,013 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of iShares Global Energy ETF by 3.7% during the 2nd quarter. Avantax Advisory Services Inc. now owns 110,300 shares of the company’s stock valued at $4,334,000 after purchasing an additional 3,947 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of iShares Global Energy ETF by 14.9% in the 2nd quarter. Fisher Asset Management LLC now owns 12,533,974 shares of the company’s stock worth $492,460,000 after buying an additional 1,624,618 shares in the last quarter.

iShares Global Energy ETF Company Profile

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.