Short Interest in iShares Global Utilities ETF (NYSEARCA:JXI) Rises By 275.9%

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 44,303 shares, a growth of 275.9% from the January 29th total of 11,787 shares. Based on an average daily volume of 26,111 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.3% of the company’s shares are sold short. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 26,111 shares, the days-to-cover ratio is currently 1.7 days.

iShares Global Utilities ETF Trading Down 0.7%

JXI stock traded down $0.59 during trading on Thursday, reaching $88.43. 5,096 shares of the stock were exchanged, compared to its average volume of 34,342. The firm has a market capitalization of $291.80 million, a price-to-earnings ratio of 16.92 and a beta of 0.64. The business has a 50 day moving average price of $81.45 and a 200-day moving average price of $79.41. iShares Global Utilities ETF has a 1 year low of $63.46 and a 1 year high of $89.09.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blair William & Co. IL purchased a new position in iShares Global Utilities ETF in the fourth quarter worth approximately $30,000. Sava Infond d.o.o. acquired a new position in shares of iShares Global Utilities ETF in the 4th quarter valued at $63,000. Flagship Harbor Advisors LLC purchased a new position in shares of iShares Global Utilities ETF during the 4th quarter worth $67,000. SBI Securities Co. Ltd. grew 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 purchasing an additional 368 shares during the period. Finally, Milestone Asset Management Group LLC acquired a new stake in shares of iShares Global Utilities ETF during the 3rd quarter worth about $214,000.

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.