Short Interest in iShares Global Utilities ETF (NYSEARCA:JXI) Decreases By 86.2%

iShares Global Utilities ETF (NYSEARCA:JXI) saw a large decrease in short interest during the month of 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. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 28,500 shares, the days-to-cover ratio is currently 0.1 days.

iShares Global Utilities ETF Price Performance

Shares of JXI stock traded up $0.14 during mid-day trading on Friday, hitting $86.33. The stock had a trading volume of 21,202 shares, compared to its average volume of 31,242. The firm has a market cap of $323.74 million, a PE ratio of 16.92 and a beta of 0.60. The company’s 50-day simple moving average is $84.55 and its 200-day simple moving average is $84.82. iShares Global Utilities ETF has a fifty-two week low of $73.65 and a fifty-two week high of $90.09.

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. LPL Financial LLC boosted its holdings in iShares Global Utilities ETF by 181.4% in the 4th quarter. LPL Financial LLC now owns 120,786 shares of the exchange traded fund’s stock valued at $9,500,000 after purchasing an additional 77,865 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in iShares Global Utilities ETF by 480,591.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 57,683 shares of the exchange traded fund’s stock worth $4,537,000 after purchasing an additional 57,671 shares during the period. Susquehanna International Group LLP raised its stake in shares of iShares Global Utilities ETF by 246.3% during the 3rd quarter. Susquehanna International Group LLP now owns 52,723 shares of the exchange traded fund’s stock worth $4,094,000 after buying an additional 37,499 shares in the last quarter. Guardian Partners Inc. purchased a new position in shares of iShares Global Utilities ETF during the 4th quarter worth approximately $4,098,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of iShares Global Utilities ETF by 191.2% in the 1st quarter. Kestra Advisory Services LLC now owns 51,605 shares of the exchange traded fund’s stock valued at $4,456,000 after buying an additional 33,882 shares during the period.

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.