iShares North American Natural Resources ETF (BATS:IGE – Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 80,510 shares, a drop of 71.1% from the September 15th total of 278,787 shares. Based on an average trading volume of 99,006 shares, the short-interest ratio is presently 0.8 days. Approximately 0.6% of the shares of the company are short sold.
Hedge Funds Weigh In On iShares North American Natural Resources ETF
A number of institutional investors have recently modified their holdings of IGE. Quantitative Investment Management LLC acquired a new stake in shares of iShares North American Natural Resources ETF in the second quarter worth $1,532,000. Arkadios Wealth Advisors bought a new stake in shares of iShares North American Natural Resources ETF during the 1st quarter worth $1,910,000. Continuum Advisory LLC acquired a new position in iShares North American Natural Resources ETF in the 2nd quarter valued at $53,000. Sunbelt Securities Inc. grew its stake in iShares North American Natural Resources ETF by 47.8% in the 1st quarter. Sunbelt Securities Inc. now owns 19,260 shares of the company’s stock valued at $1,212,000 after buying an additional 6,225 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in iShares North American Natural Resources ETF by 1.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,266 shares of the company’s stock valued at $583,000 after buying an additional 171 shares during the last quarter.
iShares North American Natural Resources ETF Stock Performance
IGE opened at $64.29 on Monday. The business has a 50 day moving average price of $64.02 and a 200 day moving average price of $61.46. iShares North American Natural Resources ETF has a twelve month low of $46.65 and a twelve month high of $67.33. The firm has a market cap of $877.56 million, a P/E ratio of 16.66 and a beta of 0.79.
iShares North American Natural Resources ETF Company Profile
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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