iShares U.S. Energy ETF (NYSEARCA:IYE) Short Interest Update

iShares U.S. Energy ETF (NYSEARCA:IYE) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 1,034,033 shares, an increase of 45.4% from the February 26th total of 711,206 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily volume of 3,402,909 shares, the days-to-cover ratio is presently 0.3 days.

iShares U.S. Energy ETF Stock Down 1.1%

Shares of IYE stock traded down $0.70 during mid-day trading on Monday, reaching $65.50. 1,437,646 shares of the stock traded hands, compared to its average volume of 1,915,401. The stock’s fifty day simple moving average is $57.86 and its two-hundred day simple moving average is $51.22. iShares U.S. Energy ETF has a 1-year low of $39.35 and a 1-year high of $67.07. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 15.53 and a beta of 0.78.

Institutional Investors Weigh In On iShares U.S. Energy ETF

Institutional investors have recently added to or reduced their stakes in the business. Clearwave Capital LLC acquired a new stake in shares of iShares U.S. Energy ETF during the fourth quarter worth $329,000. Corient Private Wealth LLC lifted its holdings in iShares U.S. Energy ETF by 24.1% in the fourth quarter. Corient Private Wealth LLC now owns 68,308 shares of the company’s stock valued at $3,247,000 after buying an additional 13,253 shares during the period. CrossGen Wealth LLC acquired a new position in iShares U.S. Energy ETF in the fourth quarter valued at $434,000. Beacon Pointe Advisors LLC bought a new stake in iShares U.S. Energy ETF during the fourth quarter valued at $740,000. Finally, EP Wealth Advisors LLC bought a new stake in iShares U.S. Energy ETF during the fourth quarter valued at $251,000. 52.46% of the stock is owned by institutional investors.

About iShares U.S. Energy ETF

iShares U.S. Energy ETF (the Fund), formerly iShares Dow Jones U.S. 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 Dow Jones U.S. Oil & Gas Index (the Index). The Index measures the performance of the oil and gas sector of the United States equity market, and includes companies in industry groups, such as oil and gas producers, and oil equipment, services and distribution. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.