iShares North American Natural Resources ETF (BATS:IGE) Short Interest Up 131.6% in August

iShares North American Natural Resources ETF (BATS:IGE) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 371,817 shares, an increase of 131.6% from the August 15th total of 160,534 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average daily volume of 255,186 shares, the short-interest ratio is presently 1.5 days.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its holdings in iShares North American Natural Resources ETF by 50.1% in the third quarter. Ameriprise Financial Inc. now owns 14,752 shares of the company’s stock valued at $724,000 after acquiring an additional 4,927 shares during the last quarter. NewEdge Advisors LLC raised its holdings in iShares North American Natural Resources ETF by 1,344.2% during the 3rd quarter. NewEdge Advisors LLC now owns 4,607 shares of the company’s stock worth $226,000 after purchasing an additional 4,288 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in iShares North American Natural Resources ETF by 101.0% during the 4th quarter. BNP Paribas Financial Markets now owns 100,500 shares of the company’s stock worth $5,045,000 after purchasing an additional 50,500 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new position in iShares North American Natural Resources ETF during the 4th quarter worth approximately $53,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of iShares North American Natural Resources ETF by 1.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,266 shares of the company’s stock worth $583,000 after purchasing an additional 171 shares during the period.

iShares North American Natural Resources ETF Stock Performance

Shares of IGE opened at $65.91 on Monday. The stock’s 50-day moving average price is $62.08 and its two-hundred day moving average price is $61.16. iShares North American Natural Resources ETF has a 12 month low of $46.65 and a 12 month high of $67.33. The company has a market capitalization of $899.67 million, a PE ratio of 16.66 and a beta of 0.79.

iShares North American Natural Resources ETF Company Profile

iShares North American Natural Resources ETF, formerly iShares S&P North American Natural Resources Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded natural resource-related stocks as represented by the S&P North American Natural Resources Sector Index (the Index). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.