Short Interest in iShares Global Utilities ETF (NYSEARCA:JXI) Rises By 112.4%

iShares Global Utilities ETF (NYSEARCA:JXI) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 14,309 shares, an increase of 112.4% from the December 15th total of 6,736 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 22,205 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 22,205 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

iShares Global Utilities ETF Stock Up 0.1%

iShares Global Utilities ETF stock traded up $0.08 during mid-day trading on Friday, reaching $80.32. The company had a trading volume of 208,997 shares, compared to its average volume of 45,772. iShares Global Utilities ETF has a 52 week low of $63.46 and a 52 week high of $82.11. The company has a 50 day moving average of $79.50 and a 200-day moving average of $77.61. The firm has a market cap of $257.02 million, a price-to-earnings ratio of 16.92 and a beta of 0.64.

Hedge Funds Weigh In On iShares Global Utilities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JXI. Barings LLC bought a new stake in shares of iShares Global Utilities ETF in the 3rd quarter worth approximately $7,976,000. Susquehanna International Group LLP raised its stake in shares of 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 in the last quarter. Ameriprise Financial Inc. raised its stake 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 purchasing an additional 230 shares in the last quarter. Raymond James Financial Inc. lifted its position in iShares Global Utilities ETF by 4.7% in the third quarter. Raymond James Financial Inc. now owns 27,911 shares of the exchange traded fund’s stock worth $2,168,000 after purchasing an additional 1,243 shares during the period. Finally, Signature Estate & Investment Advisors LLC boosted its stake in iShares Global Utilities ETF by 1.4% during the second quarter. Signature Estate & Investment Advisors LLC now owns 23,207 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 315 shares in the last quarter.

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.