iShares Global Energy ETF (NYSEARCA:IXC) Shares Shorted: Short Interest Down 67.6% in October

iShares Global Energy ETF (NYSEARCA:IXC) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 393,186 shares, a drop of 67.6% from the October 15th total of 1,212,178 shares. Based on an average daily volume of 631,045 shares, the short-interest ratio is presently 0.6 days. Currently, 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new stake in iShares Global Energy ETF during the 1st quarter valued at about $269,917,000. Fisher Asset Management LLC bought a new position in iShares Global Energy ETF in the 3rd quarter worth about $137,054,000. Pictet Asset Management Holding SA bought a new position in iShares Global Energy ETF in the 3rd quarter worth about $42,671,000. Evergreen Capital Management LLC bought a new position in iShares Global Energy ETF in the 3rd quarter worth about $36,567,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of iShares Global Energy ETF during the third quarter worth approximately $9,239,000.

iShares Global Energy ETF Price Performance

Shares of NYSEARCA:IXC traded up $0.21 on Friday, hitting $59.09. 220,894 shares of the company’s stock were exchanged, compared to its average volume of 955,333. iShares Global Energy ETF has a 12 month low of $40.55 and a 12 month high of $64.34. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 11.92 and a beta of 0.37. The business’s 50 day simple moving average is $59.80 and its two-hundred day simple moving average is $55.18.

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.