iShares Global Utilities ETF (NYSEARCA:JXI) Sees Significant Decrease in Short Interest

iShares Global Utilities ETF (NYSEARCA:JXI) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 10,868 shares, a decrease of 24.0% from the December 31st total of 14,309 shares. Based on an average trading volume of 29,509 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 29,509 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in iShares Global Utilities ETF by 1.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,254 shares of the exchange traded fund’s stock worth $563,000 after purchasing an additional 131 shares in the last quarter. LOM Asset Management Ltd increased its stake in shares of iShares Global Utilities ETF by 2.0% during the 4th quarter. LOM Asset Management Ltd now owns 8,221 shares of the exchange traded fund’s stock worth $647,000 after purchasing an additional 165 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Global Utilities ETF by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 31,988 shares of the exchange traded fund’s stock valued at $2,360,000 after buying an additional 230 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in iShares Global Utilities ETF by 1.4% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 23,207 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 315 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of iShares Global Utilities ETF by 16.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,546 shares of the exchange traded fund’s stock worth $188,000 after buying an additional 368 shares during the period.

iShares Global Utilities ETF Trading Up 1.4%

Shares of NYSEARCA JXI traded up $1.11 during mid-day trading on Tuesday, reaching $81.92. 12,542 shares of the company’s stock were exchanged, compared to its average volume of 35,916. iShares Global Utilities ETF has a twelve month low of $63.46 and a twelve month high of $82.23. The firm has a market capitalization of $270.34 million, a price-to-earnings ratio of 16.92 and a beta of 0.64. The business has a fifty day simple moving average of $79.55 and a 200 day simple moving average of $78.32.

About iShares Global Utilities ETF

iShares Global Utilities ETF, formerly iShares S&P Global Utilities Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Utilities Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that the Index provider deems to be part of the utilities sector of the economy. The Fund invests in sectors, such as retailing, media, automobile and components, consumer services, consumer durable and apparel, S-T securities and other.