iShares Global Energy ETF (NYSEARCA:IXC) Short Interest Update
by Renee Jackson · The Cerbat GemiShares Global Energy ETF (NYSEARCA:IXC – Get Free Report) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 167,144 shares, a decline of 72.8% from the March 31st total of 614,090 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,064,223 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On iShares Global Energy ETF
Hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC raised its stake in iShares Global Energy ETF by 200.0% during the 4th quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock valued at $25,000 after buying an additional 400 shares during the last quarter. Group One Trading LLC raised its stake in 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 buying an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares Global Energy ETF during the 4th quarter valued at $30,000. Clearstead Advisors LLC purchased a new stake in iShares Global Energy ETF during the 4th quarter valued at $31,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in iShares Global Energy ETF during the 3rd quarter valued at $30,000.
iShares Global Energy ETF Stock Down 0.3%
IXC traded down $0.16 during mid-day trading on Friday, reaching $54.26. 1,574,260 shares of the company traded hands, compared to its average volume of 955,760. The stock has a market capitalization of $2.70 billion, a P/E ratio of 13.85 and a beta of 0.41. The company’s fifty day moving average price is $53.95 and its 200-day moving average price is $46.98. iShares Global Energy ETF has a 52-week low of $36.73 and a 52-week high of $59.18.
About iShares Global Energy ETF
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.