iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,212,178 shares, an increase of 256.2% from the September 30th total of 340,336 shares. Based on an average trading volume of 621,118 shares, the short-interest ratio is currently 2.0 days. Currently, 2.3% of the shares of the company are short sold.
iShares Global Energy ETF Price Performance
iShares Global Energy ETF stock traded up $0.53 during mid-day trading on Thursday, hitting $63.24. 1,259,869 shares of the company’s stock traded hands, compared to its average volume of 896,554. The firm has a 50 day simple moving average of $59.46 and a two-hundred day simple moving average of $54.34. iShares Global Energy ETF has a fifty-two week low of $40.55 and a fifty-two week high of $64.14. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 13.85 and a beta of 0.40.
Hedge Funds Weigh In On iShares Global Energy ETF
Several large investors have recently modified their holdings of IXC. Hsbc Holdings PLC bought a new stake in shares of iShares Global Energy ETF during the 1st quarter worth $269,917,000. Evergreen Capital Management LLC acquired a new stake in iShares Global Energy ETF in the third quarter valued at about $36,567,000. Versant Capital Management Inc grew its position in iShares Global Energy ETF by 2.1% in the third quarter. Versant Capital Management Inc now owns 508,556 shares of the company’s stock valued at $28,972,000 after acquiring an additional 10,640 shares during the last quarter. Financial Advisory Corp grew its position in iShares Global Energy ETF by 1.6% in the second quarter. Financial Advisory Corp now owns 226,108 shares of the company’s stock valued at $11,109,000 after acquiring an additional 3,654 shares during the last quarter. Finally, Royal Bank of Canada grew its position in iShares Global Energy ETF by 28.9% in the first quarter. Royal Bank of Canada now owns 179,975 shares of the company’s stock valued at $10,368,000 after acquiring an additional 40,364 shares during the last quarter.
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.
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