iShares Global Energy ETF (NYSEARCA:IXC) Sees Significant Growth in Short Interest

iShares Global Energy ETF (NYSEARCA:IXC) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 456,475 shares, a growth of 173.1% from the April 15th total of 167,144 shares. Based on an average daily volume of 1,363,167 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IXC. Quantinno Capital Management LP grew its stake in iShares Global Energy ETF by 22.1% during the 2nd quarter. Quantinno Capital Management LP now owns 10,635 shares of the company’s stock worth $418,000 after purchasing an additional 1,925 shares in the last quarter. Strategic Wealth Investment Group LLC lifted its holdings in iShares Global Energy ETF by 13.6% during the 2nd quarter. Strategic Wealth Investment Group LLC now owns 12,066 shares of the company’s stock worth $474,000 after buying an additional 1,447 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares Global Energy ETF by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 143,153 shares of the company’s stock worth $5,624,000 after buying an additional 6,072 shares during the last quarter. Modern Wealth Management LLC lifted its holdings in iShares Global Energy ETF by 17.9% during the 2nd quarter. Modern Wealth Management LLC now owns 133,283 shares of the company’s stock worth $5,237,000 after buying an additional 20,237 shares during the last quarter. Finally, Two Sigma Securities LLC lifted its holdings in iShares Global Energy ETF by 37.3% during the 2nd quarter. Two Sigma Securities LLC now owns 9,407 shares of the company’s stock worth $370,000 after buying an additional 2,556 shares during the last quarter.

iShares Global Energy ETF Trading Up 1.8%

IXC traded up $1.00 on Friday, hitting $56.08. 555,610 shares of the company were exchanged, compared to its average volume of 999,745. iShares Global Energy ETF has a twelve month low of $37.46 and a twelve month high of $59.18. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 13.85 and a beta of 0.37. The firm has a 50-day moving average price of $54.96 and a two-hundred day moving average price of $48.29.

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.