iShares Global Energy ETF (NYSEARCA:IXC) Short Interest Up 191.1% in January

iShares Global Energy ETF (NYSEARCA:IXC) was the target of a significant increase in short interest in 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 stock are sold short. Based on an average daily volume of 408,612 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 408,612 shares, the short-interest ratio is currently 2.5 days. Currently, 2.2% of the company’s stock are sold short.

iShares Global Energy ETF Price Performance

iShares Global Energy ETF stock opened at $50.02 on Friday. The business has a fifty day moving average price of $44.37 and a 200-day moving average price of $42.50. iShares Global Energy ETF has a 1-year low of $33.89 and a 1-year high of $50.71. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69.

Institutional Trading of iShares Global Energy ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Axxcess Wealth Management LLC boosted its stake in shares of iShares Global Energy ETF by 17.2% in the second quarter. Axxcess Wealth Management LLC now owns 15,241 shares of the company’s stock valued at $599,000 after buying an additional 2,240 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in shares of iShares Global Energy ETF in the 2nd quarter valued at approximately $151,000. Ifrah Financial Services Inc. lifted its stake in iShares Global Energy ETF by 92.7% during the second quarter. Ifrah Financial Services Inc. now owns 13,449 shares of the company’s stock worth $528,000 after purchasing an additional 6,471 shares during the last quarter. Townsend & Associates Inc acquired a new stake in shares of iShares Global Energy ETF during the second quarter worth $201,000. Finally, Clune & Associates LTD. lifted its position in shares of iShares Global Energy ETF by 30.8% in the 2nd quarter. Clune & Associates LTD. now owns 51,207 shares of the company’s stock worth $2,012,000 after buying an additional 12,057 shares during the last quarter.

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.