Short Interest in iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Increases By 119.5%

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEOGet Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 27,690 shares, a growth of 119.5% from the June 30th total of 12,615 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 52,431 shares, the days-to-cover ratio is currently 0.5 days.

More iShares U.S. Oil & Gas Exploration & Production ETF News

Here are the key news stories impacting iShares U.S. Oil & Gas Exploration & Production ETF this week:

iShares U.S. Oil & Gas Exploration & Production ETF Stock Performance

IEO opened at $119.43 on Wednesday. The firm has a market cap of $650.89 million, a P/E ratio of 14.30 and a beta of 0.85. The firm has a 50-day moving average of $115.46 and a 200 day moving average of $112.29. iShares U.S. Oil & Gas Exploration & Production ETF has a fifty-two week low of $85.93 and a fifty-two week high of $130.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter worth about $4,430,000. Bearing Point Capital LLC bought a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the fourth quarter valued at approximately $1,329,000. RiverFront Investment Group LLC grew its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 42.7% during the fourth quarter. RiverFront Investment Group LLC now owns 7,696 shares of the company’s stock valued at $687,000 after acquiring an additional 2,304 shares in the last quarter. Sunbelt Securities Inc. grew its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 32.3% during the fourth quarter. Sunbelt Securities Inc. now owns 2,451 shares of the company’s stock valued at $219,000 after acquiring an additional 599 shares in the last quarter. Finally, Steph & Co. bought a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the 4th quarter worth approximately $53,000.

iShares U.S. Oil & Gas Exploration & Production ETF Company Profile

(Get Free Report)

iShares U.S. Oil & Gas Exploration & Production ETF, formerly iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Exploration & Production Index (the Index). The Index measures the performance of the oil exploration and production sub-sector of the United States equity market, and includes companies that are engaged in the exploration for and extraction, production, refining, and supply of oil and gas products.

Further Reading

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