iShares Global Utilities ETF (NYSEARCA:JXI) Short Interest Update

iShares Global Utilities ETF (NYSEARCA:JXI) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 3,212 shares, a decrease of 86.2% from the June 30th total of 23,249 shares. Based on an average daily trading volume, of 28,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Global Utilities ETF

A number of hedge funds have recently modified their holdings of the company. LPL Financial LLC increased its holdings in shares of iShares Global Utilities ETF by 181.4% during the 4th quarter. LPL Financial LLC now owns 120,786 shares of the exchange traded fund’s stock worth $9,500,000 after buying an additional 77,865 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in iShares Global Utilities ETF by 480,591.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,683 shares of the exchange traded fund’s stock worth $4,537,000 after acquiring an additional 57,671 shares during the last quarter. Guardian Partners Inc. acquired a new stake in iShares Global Utilities ETF during the fourth quarter worth $4,098,000. Susquehanna International Group LLP raised its position in iShares Global Utilities ETF by 246.3% in the third quarter. Susquehanna International Group LLP now owns 52,723 shares of the exchange traded fund’s stock valued at $4,094,000 after purchasing an additional 37,499 shares during the period. Finally, Kestra Advisory Services LLC raised its position in iShares Global Utilities ETF by 191.2% in the first quarter. Kestra Advisory Services LLC now owns 51,605 shares of the exchange traded fund’s stock valued at $4,456,000 after purchasing an additional 33,882 shares during the period.

iShares Global Utilities ETF Stock Performance

Shares of NYSEARCA:JXI traded up $0.14 during midday trading on Friday, hitting $86.33. The company’s stock had a trading volume of 21,202 shares, compared to its average volume of 31,242. The business’s 50 day simple moving average is $84.55 and its 200 day simple moving average is $84.82. The company has a market cap of $328.05 million, a P/E ratio of 16.92 and a beta of 0.60. iShares Global Utilities ETF has a 12-month low of $73.65 and a 12-month high of $90.09.

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.