Short Interest in iShares Global Utilities ETF (NYSEARCA:JXI) Increases By 72.8%

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 76,553 shares, an increase of 72.8% from the February 12th total of 44,303 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,376 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 43,376 shares, the short-interest ratio is currently 1.8 days. Currently, 2.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JXI. Corient Private Wealth LLC acquired a new position in shares of iShares Global Utilities ETF during the fourth quarter worth about $1,710,000. Beacon Pointe Advisors LLC purchased a new stake in shares of iShares Global Utilities ETF in the 4th quarter valued at approximately $681,000. Guardian Partners Inc. acquired a new stake in shares of iShares Global Utilities ETF in the 4th quarter valued at $4,098,000. Equitable Holdings Inc. lifted 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 worth $752,000 after purchasing 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 fourth quarter worth $30,000.

iShares Global Utilities ETF Trading Up 0.8%

JXI stock traded up $0.65 during mid-day trading on Friday, reaching $87.22. The company’s stock had a trading volume of 21,064 shares, compared to its average volume of 35,062. The company’s 50 day moving average is $83.39 and its two-hundred day moving average is $80.24. iShares Global Utilities ETF has a fifty-two week low of $63.46 and a fifty-two week high of $89.56. The stock has a market cap of $287.83 million, a PE ratio of 16.92 and a beta of 0.64.

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.