Short Interest in iShares U.S. Energy ETF (NYSEARCA:IYE) Increases By 42.4%

iShares U.S. Energy ETF (NYSEARCA:IYE) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 798,988 shares, a growth of 42.4% from the December 31st total of 561,186 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,145,768 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 2,145,768 shares, the short-interest ratio is currently 0.4 days. Currently, 3.3% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares U.S. Energy ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Westfuller Advisors LLC bought a new position in shares of iShares U.S. Energy ETF during the 3rd quarter worth about $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in iShares U.S. Energy ETF in the second quarter valued at about $45,000. Capital Investment Advisory Services LLC raised its position in iShares U.S. Energy ETF by 253.3% in the third quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock worth $45,000 after purchasing an additional 684 shares in the last quarter. Headlands Technologies LLC acquired a new position in iShares U.S. Energy ETF in the second quarter worth about $49,000. Finally, Triumph Capital Management acquired a new position in iShares U.S. Energy ETF in the third quarter worth about $58,000. Institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Down 1.8%

Shares of IYE opened at $52.98 on Tuesday. iShares U.S. Energy ETF has a 12-month low of $39.35 and a 12-month high of $54.65. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 15.53 and a beta of 0.78. The stock’s 50-day moving average price is $49.11 and its 200 day moving average price is $47.60.

iShares U.S. Energy ETF Company Profile

iShares U.S. Energy ETF (the Fund), formerly iShares Dow Jones U.S. 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 Dow Jones U.S. Oil & Gas Index (the Index). The Index measures the performance of the oil and gas sector of the United States equity market, and includes companies in industry groups, such as oil and gas producers, and oil equipment, services and distribution. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.