iShares Global Energy ETF (NYSEARCA:IXC) Stock Short Interest Report for October

iShares Global Energy ETF (NYSEARCA:IXC) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,212,178 shares, a growth of 256.2% from the September 30th total of 340,336 shares. Based on an average trading volume of 621,118 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.3% of the company’s stock are sold short.

iShares Global Energy ETF Price Performance

Shares of IXC stock traded up $0.67 on Friday, hitting $63.91. The company’s stock had a trading volume of 172,853 shares, compared to its average volume of 893,026. iShares Global Energy ETF has a fifty-two week low of $40.55 and a fifty-two week high of $64.34. The firm’s fifty day moving average price is $59.56 and its 200-day moving average price is $54.44. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 13.85 and a beta of 0.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vise Technologies Inc. acquired a new position in shares of iShares Global Energy ETF during the third quarter valued at $372,000. Partners Wealth Management LLC grew its position in shares of iShares Global Energy ETF by 4.2% during the 3rd quarter. Partners Wealth Management LLC now owns 11,633 shares of the company’s stock worth $663,000 after buying an additional 466 shares during the period. Founders Financial Securities LLC bought a new stake in shares of iShares Global Energy ETF during the third quarter worth approximately $557,000. Everett Harris & Co. CA bought a new position in iShares Global Energy ETF in the third quarter valued at approximately $570,000. Finally, BOKF NA acquired a new stake in iShares Global Energy ETF during the 3rd quarter worth $58,000.

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.