Short Interest in iShares Global Energy ETF (NYSEARCA:IXC) Increases By 42.3%

iShares Global Energy ETF (NYSEARCA:IXC) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 577,280 shares, a growth of 42.3% from the February 12th total of 405,547 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 1,335,262 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 1,335,262 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.3% of the company’s shares are short sold.

iShares Global Energy ETF Trading Up 0.5%

IXC stock opened at $54.03 on Monday. iShares Global Energy ETF has a 1-year low of $33.89 and a 1-year high of $54.27. The firm has a market cap of $2.46 billion, a PE ratio of 13.85 and a beta of 0.69. The business’s 50-day moving average price is $48.27 and its two-hundred day moving average price is $44.15.

Hedge Funds Weigh In On iShares Global Energy ETF

Several institutional investors have recently modified their holdings of the business. Manchester Capital Management LLC grew its position 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 purchasing an additional 400 shares during the period. Group One Trading LLC lifted its stake in iShares Global Energy ETF by 250.0% in the fourth quarter. Group One Trading LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares Global Energy ETF in the fourth quarter valued at approximately $30,000. Clearstead Advisors LLC acquired a new position in shares of iShares Global Energy ETF in the fourth quarter valued at approximately $31,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of iShares Global Energy ETF in the third quarter valued at approximately $30,000.

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.