Short Interest in iShares Global Energy ETF (NYSEARCA:IXC) Expands By 173.1%

iShares Global Energy ETF (NYSEARCA:IXC) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 456,475 shares, an increase of 173.1% from the April 15th total of 167,144 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,363,167 shares, the short-interest ratio is presently 0.3 days.

iShares Global Energy ETF Price Performance

iShares Global Energy ETF stock opened at $56.08 on Friday. The stock has a market cap of $2.73 billion, a P/E ratio of 13.85 and a beta of 0.37. iShares Global Energy ETF has a 1 year low of $37.46 and a 1 year high of $59.18. The firm’s 50 day moving average price is $54.96 and its 200-day moving average price is $48.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MFA Wealth Advisors LLC grew its holdings in shares of iShares Global Energy ETF by 5.2% in the fourth quarter. MFA Wealth Advisors LLC now owns 303,969 shares of the company’s stock valued at $12,745,000 after purchasing an additional 14,964 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new position in shares of iShares Global Energy ETF in the fourth quarter valued at $953,000. Dara Capital US Inc. purchased a new position in shares of iShares Global Energy ETF in the fourth quarter valued at $925,000. Client 1ST Advisory Group LLC grew its holdings in shares of iShares Global Energy ETF by 19.0% in the fourth quarter. Client 1ST Advisory Group LLC now owns 88,525 shares of the company’s stock valued at $3,712,000 after purchasing an additional 14,127 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of iShares Global Energy ETF by 8.5% in the third quarter. Fisher Asset Management LLC now owns 13,602,292 shares of the company’s stock valued at $567,896,000 after purchasing an additional 1,068,318 shares in the last quarter.

About iShares Global Energy ETF

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.