iShares Global Energy ETF (NYSEARCA:IXC) Short Interest Down 27.9% in December

iShares Global Energy ETF (NYSEARCA:IXC) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 343,456 shares, a decline of 27.9% from the December 15th total of 476,553 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 403,379 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 403,379 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the shares of the company are short sold.

iShares Global Energy ETF Stock Up 0.5%

NYSEARCA:IXC traded up $0.20 on Friday, reaching $44.20. The stock had a trading volume of 311,659 shares, compared to its average volume of 486,396. The company has a market capitalization of $2.01 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 $44.90. The stock has a fifty day moving average price of $42.60 and a 200-day moving average price of $41.52.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. bought a new stake in shares of iShares Global Energy ETF during the third quarter worth $30,000. Advisory Services Network LLC bought a new stake in iShares Global Energy ETF during the 3rd quarter worth about $38,000. Fortitude Family Office LLC bought a new stake in iShares Global Energy ETF during the 3rd quarter worth about $40,000. Sound Income Strategies LLC lifted its position in iShares Global Energy ETF by 2,153.8% during the 2nd quarter. Sound Income Strategies LLC now owns 1,758 shares of the company’s stock valued at $69,000 after purchasing an additional 1,680 shares during the period. Finally, Kilter Group LLC bought a new position in shares of iShares Global Energy ETF in the 2nd quarter valued at about $75,000.

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.