iShares Global Energy ETF (NYSEARCA:IXC) Sees Large Growth in Short Interest

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

iShares Global Energy ETF Price Performance

IXC opened at $50.56 on Thursday. The firm has a market capitalization of $2.30 billion, a PE 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. The company’s 50-day moving average is $44.12 and its 200 day moving average is $42.39.

Institutional Trading of iShares Global Energy ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Group One Trading LLC grew its position in shares of iShares Global Energy ETF by 250.0% during the 4th quarter. Group One Trading LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Cerity Partners LLC increased its stake in iShares Global Energy ETF by 1.6% in the 4th quarter. Cerity Partners LLC now owns 12,721 shares of the company’s stock worth $533,000 after acquiring an additional 198 shares during the last quarter. LPL Financial LLC increased its stake in iShares Global Energy ETF by 1.1% in the 4th quarter. LPL Financial LLC now owns 277,017 shares of the company’s stock worth $11,615,000 after acquiring an additional 3,002 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of iShares Global Energy ETF by 200.0% in the 4th quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock valued at $25,000 after acquiring an additional 400 shares in the last quarter. Finally, Prudential PLC boosted its position in shares of iShares Global Energy ETF by 6.1% during the 4th quarter. Prudential PLC now owns 59,500 shares of the company’s stock valued at $2,495,000 after acquiring an additional 3,400 shares during 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.