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. Currently, 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. Currently, 0.8% of the shares of the company are short sold.

iShares Global Energy ETF Trading Up 0.5%

NYSEARCA:IXC traded up $0.20 during mid-day trading on Friday, hitting $44.20. 311,659 shares of the company’s stock traded hands, compared to its average volume of 486,396. The firm has a 50 day moving average of $42.60 and a two-hundred day moving average of $41.52. iShares Global Energy ETF has a 12 month low of $33.89 and a 12 month high of $44.90. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69.

Hedge Funds Weigh In On iShares Global Energy ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wedmont Private Capital bought a new stake in iShares Global Energy ETF in the 2nd quarter valued at $229,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares Global Energy ETF by 2.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 44,268 shares of the company’s stock valued at $1,777,000 after buying an additional 1,104 shares during the period. Financial Advisory Corp lifted its stake in shares of iShares Global Energy ETF by 1.7% in the second quarter. Financial Advisory Corp now owns 294,640 shares of the company’s stock valued at $11,576,000 after buying an additional 4,973 shares during the period. Farther Finance Advisors LLC grew its position in iShares Global Energy ETF by 1.9% during the second quarter. Farther Finance Advisors LLC now owns 13,602 shares of the company’s stock worth $534,000 after buying an additional 248 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in iShares Global Energy ETF by 2,153.8% during the second quarter. Sound Income Strategies LLC now owns 1,758 shares of the company’s stock valued at $69,000 after acquiring an additional 1,680 shares during the period.

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.