iShares Global Utilities ETF (NYSEARCA:JXI) Short Interest Up 72.8% in February

iShares Global Utilities ETF (NYSEARCA:JXI) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 76,553 shares, a growth of 72.8% from the February 12th total of 44,303 shares. Based on an average daily volume of 43,376 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.3% of the shares of the company are short sold. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 43,376 shares, the days-to-cover ratio is presently 1.8 days.

iShares Global Utilities ETF Stock Performance

NYSEARCA JXI traded up $0.65 during trading hours on Friday, reaching $87.22. The stock had a trading volume of 21,064 shares, compared to its average volume of 35,062. iShares Global Utilities ETF has a 52-week low of $63.46 and a 52-week high of $89.56. The stock has a market cap of $287.83 million, a P/E ratio of 16.92 and a beta of 0.64. The stock has a fifty day moving average of $83.39 and a 200 day moving average of $80.24.

Hedge Funds Weigh In On iShares Global Utilities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of JXI. Corient Private Wealth LLC purchased a new position in iShares Global Utilities ETF during the fourth quarter worth approximately $1,710,000. Beacon Pointe Advisors LLC acquired a new stake in shares of iShares Global Utilities ETF in the 4th quarter worth $681,000. Guardian Partners Inc. purchased a new position in shares of iShares Global Utilities ETF during the 4th quarter worth $4,098,000. Equitable Holdings Inc. boosted its position in shares of iShares Global Utilities ETF by 46.8% during the 4th quarter. Equitable Holdings Inc. now owns 9,556 shares of the exchange traded fund’s stock valued at $752,000 after acquiring an additional 3,048 shares during the last quarter. Finally, Blair William & Co. IL acquired a new position in shares of iShares Global Utilities ETF during the 4th quarter valued at about $30,000.

iShares Global Utilities ETF Company Profile

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.