iShares North American Natural Resources ETF (BATS:IGE – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 160,534 shares, an increase of 48.8% from the July 30th total of 107,859 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 95,719 shares, the days-to-cover ratio is presently 1.7 days.
iShares North American Natural Resources ETF Trading Up 0.9%
Shares of IGE opened at $65.87 on Tuesday. The firm has a market cap of $899.13 million, a P/E ratio of 16.66 and a beta of 0.79. iShares North American Natural Resources ETF has a 12-month low of $46.65 and a 12-month high of $66.71. The company’s 50-day moving average price is $60.36 and its 200 day moving average price is $60.80.
Institutional Investors Weigh In On iShares North American Natural Resources ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position in shares of iShares North American Natural Resources ETF by 2,675.0% during the 4th quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock worth $28,000 after purchasing an additional 535 shares during the period. Nalls Sherbakoff Group LLC acquired a new stake in iShares North American Natural Resources ETF in the 4th quarter valued at approximately $53,000. Continuum Advisory LLC purchased a new stake in iShares North American Natural Resources ETF in the second quarter valued at approximately $53,000. NewEdge Advisors LLC raised its position in iShares North American Natural Resources ETF by 1,344.2% in the third quarter. NewEdge Advisors LLC now owns 4,607 shares of the company’s stock valued at $226,000 after purchasing an additional 4,288 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in iShares North American Natural Resources ETF by 1.9% during the first quarter. Janney Montgomery Scott LLC now owns 9,266 shares of the company’s stock worth $583,000 after purchasing an additional 171 shares in the last quarter.
About iShares North American Natural Resources ETF
iShares North American Natural Resources ETF, formerly iShares S&P North American Natural Resources Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded natural resource-related stocks as represented by the S&P North American Natural Resources Sector Index (the Index). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.
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