iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 393,186 shares, a decline of 67.6% from the October 15th total of 1,212,178 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 631,045 shares, the days-to-cover ratio is presently 0.6 days.
iShares Global Energy ETF Stock Performance
IXC stock traded up $0.21 during mid-day trading on Friday, reaching $59.09. 220,894 shares of the stock traded hands, compared to its average volume of 955,333. iShares Global Energy ETF has a one year low of $40.55 and a one year high of $64.34. The stock has a market capitalization of $2.77 billion, a PE ratio of 11.92 and a beta of 0.37. The business has a 50-day moving average price of $59.80 and a two-hundred day moving average price of $55.18.
Hedge Funds Weigh In On iShares Global Energy ETF
A number of large investors have recently made changes to their positions in IXC. Hsbc Holdings PLC purchased a new stake in iShares Global Energy ETF in the 1st quarter worth about $269,917,000. Fisher Asset Management LLC bought a new position in shares of iShares Global Energy ETF during the third quarter valued at approximately $137,054,000. Pictet Asset Management Holding SA bought a new position in shares of iShares Global Energy ETF during the third quarter valued at approximately $42,671,000. Evergreen Capital Management LLC bought a new position in shares of iShares Global Energy ETF during the third quarter valued at approximately $36,567,000. Finally, Versant Capital Management Inc raised its holdings in shares of 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 worth $28,972,000 after buying an additional 10,640 shares during the period.
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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