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

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,721 shares, a decrease of 46.4% from the July 15th total of 3,212 shares. Based on an average daily trading volume, of 12,950 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

iShares Global Utilities ETF Trading Down 0.1%

Shares of JXI stock traded down $0.10 on Monday, hitting $83.12. 10,655 shares of the stock were exchanged, compared to its average volume of 29,583. The firm’s 50 day moving average is $84.30 and its two-hundred day moving average is $85.28. iShares Global Utilities ETF has a one year low of $73.65 and a one year high of $90.09. The firm has a market capitalization of $311.70 million, a PE ratio of 16.92 and a beta of 0.60.

Hedge Funds Weigh In On iShares Global Utilities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in shares of iShares Global Utilities ETF during the 1st quarter valued at approximately $845,000. Flow Traders U.S. LLC bought a new stake in iShares Global Utilities ETF during the 2nd quarter valued at $226,000. Raymond James Financial Inc. lifted its position in shares of iShares Global Utilities ETF by 16.0% during the second quarter. Raymond James Financial Inc. now owns 26,668 shares of the exchange traded fund’s stock worth $1,967,000 after acquiring an additional 3,674 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Global Utilities ETF by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 31,988 shares of the exchange traded fund’s stock worth $2,360,000 after acquiring an additional 230 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of iShares Global Utilities ETF by 106.1% in the second quarter. Osaic Holdings Inc. now owns 7,876 shares of the exchange traded fund’s stock worth $581,000 after acquiring an additional 4,054 shares during the period.

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.