iShares Global Energy ETF (NYSEARCA:IXC) Sees Strong Trading Volume – Here’s Why

Posted by Latisha Jones on Jan 23rd, 2025

iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 934,795 shares were traded during trading, an increase of 120% from the previous session’s volume of 424,215 shares.The stock last traded at $41.04 and had previously closed at $41.12.

iShares Global Energy ETF Trading Up 0.4 %

The firm has a 50 day moving average of $40.14 and a 200-day moving average of $40.82. The company has a market cap of $3.34 billion, a P/E ratio of 7.86 and a beta of 0.52.

Hedge Funds Weigh In On iShares Global Energy ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in iShares Global Energy ETF by 73.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,783 shares of the company’s stock valued at $202,000 after acquiring an additional 2,031 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of iShares Global Energy ETF by 58.5% in the second quarter. Bank of Montreal Can now owns 272,376 shares of the company’s stock worth $11,313,000 after purchasing an additional 100,512 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of iShares Global Energy ETF in the second quarter worth about $1,634,000. Cubist Systematic Strategies LLC purchased a new stake in shares of iShares Global Energy ETF in the second quarter worth about $860,000. Finally, Squarepoint Ops LLC bought a new position in iShares Global Energy ETF during the second quarter valued at approximately $584,000.

About iShares Global Energy ETF

(Get Free Report)

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.