Short Interest in iShares Global Energy ETF (NYSEARCA:IXC) Declines By 59.9%

iShares Global Energy ETF (NYSEARCA:IXC) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 405,547 shares, a decline of 59.9% from the January 29th total of 1,012,258 shares. Based on an average daily volume of 621,115 shares, the short-interest ratio is presently 0.7 days. Approximately 0.9% of the shares of the stock are sold short. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 621,115 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of iShares Global Energy ETF

Large investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in iShares Global Energy ETF by 23.6% in the 2nd quarter. Bessemer Group Inc. now owns 8,172 shares of the company’s stock valued at $321,000 after purchasing an additional 1,560 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of iShares Global Energy ETF by 1.2% during the second quarter. Sigma Planning Corp now owns 126,006 shares of the company’s stock worth $4,951,000 after buying an additional 1,452 shares in the last quarter. Climber Capital SA raised its position in shares of iShares Global Energy ETF by 9.5% in the second quarter. Climber Capital SA now owns 21,498 shares of the company’s stock valued at $838,000 after buying an additional 1,870 shares during the last quarter. AE Wealth Management LLC raised its position in shares of iShares Global Energy ETF by 32.9% in the second quarter. AE Wealth Management LLC now owns 2,761 shares of the company’s stock valued at $108,000 after buying an additional 684 shares during the last quarter. Finally, Rathbones Group PLC lifted its stake in shares of iShares Global Energy ETF by 19.2% during the second quarter. Rathbones Group PLC now owns 17,929 shares of the company’s stock valued at $704,000 after buying an additional 2,883 shares during the period.

iShares Global Energy ETF Stock Performance

IXC stock traded up $0.85 on Friday, reaching $51.81. The company had a trading volume of 513,328 shares, compared to its average volume of 701,324. The company’s fifty day moving average is $46.08 and its 200 day moving average is $43.27. The company has a market cap of $2.35 billion, a P/E ratio of 13.85 and a beta of 0.69. iShares Global Energy ETF has a 1 year low of $33.89 and a 1 year high of $51.97.

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.