iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Shares Shorted: Short Interest Down 71.4% in September

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 37,291 shares, a decline of 71.4% from the September 15th total of 130,361 shares. Based on an average daily volume of 130,975 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares U.S. Oil & Gas Exploration & Production ETF

Several institutional investors have recently made changes to their positions in the stock. Highland Investment Advisors LLC bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the 2nd quarter worth $34,000. RMG Wealth Management LLC bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 1st quarter valued at $35,000. Compass Financial Management LLC bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 2nd quarter valued at $75,000. Oarsman Capital Inc. bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 2nd quarter valued at $348,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,038 shares of the company’s stock worth $629,000 after purchasing an additional 144 shares in the last quarter.

iShares U.S. Oil & Gas Exploration & Production ETF Stock Up 1.4%

BATS IEO opened at $145.72 on Tuesday. The company has a market capitalization of $794.17 million, a P/E ratio of 14.30 and a beta of 0.85. iShares U.S. Oil & Gas Exploration & Production ETF has a 12-month low of $85.93 and a 12-month high of $146.74. The firm has a 50-day moving average price of $135.39 and a two-hundred day moving average price of $123.64.

iShares U.S. Oil & Gas Exploration & Production ETF News Roundup

Here are the key news stories impacting iShares U.S. Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: Energy stocks benefited from higher oil prices as attacks and fighting involving Saudi Arabia, the Middle East and Ukraine raised concerns about disruptions to global energy supplies. Energy Stocks Rise as Global Conflicts Push Up Oil Prices
• Positive Sentiment: Crude oil rallied toward key technical levels, with forecasts highlighting Brent’s potential move above $106 and continued risks around the Strait of Hormuz. Higher realized oil prices generally support the exploration and production companies held by IEO. Natural Gas and Oil Forecast
• Positive Sentiment: Short interest in IEO reportedly fell 71.4% in September, potentially reducing bearish positioning and supporting investor sentiment toward the fund. IEO Short Interest Down 71.4%
• Neutral Sentiment: Oil prices edged lower after the previous session’s strong gains as traders weighed possible additional Russian diesel supplies against Gulf supply risks. The competing forces create near-term volatility for IEO. Oil Ticks Lower as Russia Diesel Supply Prospects Counter Gulf Supply Risks
• Negative Sentiment: Potential technical correction and hopes for an energy ceasefire between Russia and Ukraine encouraged some profit-taking in crude, which could pressure IEO if oil’s rally loses momentum. Oil Futures Decline on Possible Technical Correction
• Negative Sentiment: Some regions of the Americas reportedly have a surplus of heavy crude because freight constraints are limiting exports, a development that could weigh on pricing for certain grades. Americas Have Glut of Heavy Oil

iShares U.S. Oil & Gas Exploration & Production ETF Company Profile

iShares U.S. Oil & Gas Exploration & Production ETF, formerly iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Exploration & Production Index (the Index). The Index measures the performance of the oil exploration and production sub-sector of the United States equity market, and includes companies that are engaged in the exploration for and extraction, production, refining, and supply of oil and gas products.