iShares Global Utilities ETF (NYSEARCA:JXI) Sees Significant Growth in Short Interest

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

iShares Global Utilities ETF Price Performance

Shares of JXI stock traded up $0.49 on Friday, reaching $89.32. 78,932 shares of the company were exchanged, compared to its average volume of 36,273. The company has a market cap of $294.76 million, a price-to-earnings ratio of 16.92 and a beta of 0.64. The company has a 50-day moving average of $81.89 and a 200-day moving average of $79.57. iShares Global Utilities ETF has a one year low of $63.46 and a one year high of $89.56.

Institutional Investors Weigh In On iShares Global Utilities ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of iShares Global Utilities ETF during the first quarter valued at approximately $845,000. Envestnet Asset Management Inc. grew its position in iShares Global Utilities ETF by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,123 shares of the exchange traded fund’s stock valued at $525,000 after purchasing an additional 358 shares during the period. SBI Securities Co. Ltd. grew its position in iShares Global Utilities ETF by 16.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,546 shares of the exchange traded fund’s stock valued at $188,000 after purchasing an additional 368 shares during the period. Cetera Investment Advisers increased its stake in iShares Global Utilities ETF by 12.5% during the 2nd quarter. Cetera Investment Advisers now owns 11,084 shares of the exchange traded fund’s stock valued at $818,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in iShares Global Utilities ETF during the 2nd quarter valued at $226,000.

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.