iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Short Interest Update

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 33,560 shares, a growth of 244.0% from the May 14th total of 9,756 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 90,531 shares, the days-to-cover ratio is currently 0.4 days.

iShares U.S. Oil & Gas Exploration & Production ETF Price Performance

Shares of BATS:IEO traded up $1.66 during midday trading on Friday, reaching $116.16. 37,298 shares of the company’s stock were exchanged, compared to its average volume of 124,515. The firm’s 50 day simple moving average is $117.48 and its two-hundred day simple moving average is $106.94. The stock has a market cap of $633.07 million, a price-to-earnings ratio of 14.30 and a beta of 0.85. iShares U.S. Oil & Gas Exploration & Production ETF has a fifty-two week low of $85.93 and a fifty-two week high of $130.50.

iShares U.S. Oil & Gas Exploration & Production ETF News Summary

Here are the key news stories impacting iShares U.S. Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: Escalating U.S.-Iran tensions, including fears around the Strait of Hormuz and U.S. strikes on Iran, have pushed oil higher and boosted sentiment for exploration and production names. Oil rises $2 as Iran announces closure of Strait of Hormuz following US strikes
• Positive Sentiment: U.S. crude inventories fell much more than expected for a seventh straight week, indicating tighter domestic supply and supporting oil-linked stocks. U.S. Crude Oil Inventories Fall for Seventh Straight Week
• Positive Sentiment: Oil product inventories in Singapore fell near a 13-year low, reinforcing the view that Middle East disruption is tightening global supplies. Singapore’s oil product inventories slump to near 13-year low
• Positive Sentiment: The U.S. is helping move about 7 million barrels of oil per day out of the Persian Gulf, underscoring the strategic importance of keeping supply flowing. US military helps move 7 million barrels of oil per day out of Persian Gulf, Wright says
• Neutral Sentiment: Goldman Sachs cut its 2027 Brent forecast on supply growth and weaker demand, which could limit upside for oil producers over time. Goldman lowers 2027 Brent oil forecast on supply growth, demand risks
• Neutral Sentiment: OPEC also trimmed its 2026 oil-demand growth forecast, reflecting softer global consumption trends that could offset some of the geopolitical supply support. OPEC again lowers 2026 global oil demand growth forecast
• Negative Sentiment: Reports that President Trump is close to a peace deal with Iran sent crude toward a three-month low, easing supply-risk premiums that had benefited energy shares. Trump Says Peace Deal With Iran Is Close, Oil Prices Head for 3-Month Low
• Negative Sentiment: Trump’s cancellation of planned strikes on Iran reduced fears of a broader conflict, adding pressure to oil prices and potentially weighing on IEO. Oil extends losses as Trump calls off planned strikes on Iran

Hedge Funds Weigh In On iShares U.S. Oil & Gas Exploration & Production ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter valued at about $4,430,000. JPMorgan Chase & Co. increased its position in iShares U.S. Oil & Gas Exploration & Production ETF by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 10,757 shares of the company’s stock worth $996,000 after buying an additional 206 shares during the period. Steph & Co. purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the fourth quarter valued at approximately $53,000. RiverFront Investment Group LLC lifted its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 42.7% in the fourth quarter. RiverFront Investment Group LLC now owns 7,696 shares of the company’s stock valued at $687,000 after buying an additional 2,304 shares during the last quarter. Finally, Bearing Point Capital LLC purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the fourth quarter valued at approximately $1,329,000.

iShares U.S. Oil & Gas Exploration & Production ETF Company Profile

iShares U.S. Oil & Gas Exploration & Production ETF, formerly iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Exploration & Production Index (the Index). The Index measures the performance of the oil exploration and production sub-sector of the United States equity market, and includes companies that are engaged in the exploration for and extraction, production, refining, and supply of oil and gas products.