iShares Global Utilities ETF (NYSEARCA:JXI) Sees Large Decrease in Short Interest

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 23,249 shares, a decrease of 43.6% from the June 15th total of 41,195 shares. Based on an average trading volume of 40,759 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the shares of the stock are short sold.

iShares Global Utilities ETF Stock Up 0.3%

iShares Global Utilities ETF stock traded up $0.27 during mid-day trading on Friday, hitting $85.21. 17,902 shares of the company were exchanged, compared to its average volume of 31,906. The business has a fifty day moving average of $84.51 and a 200 day moving average of $84.59. iShares Global Utilities ETF has a 1-year low of $73.65 and a 1-year high of $90.09. The company has a market capitalization of $323.80 million, a PE ratio of 16.92 and a beta of 0.60.

Institutional Investors Weigh In On iShares Global Utilities ETF

A number of hedge funds have recently made changes to their positions in JXI. Western Wealth Management LLC bought a new position in iShares Global Utilities ETF during the 1st quarter valued at about $50,000. Cumberland Partners Ltd acquired a new stake in shares of iShares Global Utilities ETF during the first quarter worth approximately $1,262,000. Bank of Nova Scotia increased its holdings in shares of iShares Global Utilities ETF by 3.3% during the first quarter. Bank of Nova Scotia now owns 30,880 shares of the exchange traded fund’s stock worth $2,666,000 after buying an additional 1,000 shares in the last quarter. MWA Asset Management acquired a new stake in shares of iShares Global Utilities ETF during the first quarter worth approximately $112,000. Finally, J. Safra Sarasin Holding AG raised its stake in shares of iShares Global Utilities ETF by 4.6% in the first quarter. J. Safra Sarasin Holding AG now owns 12,631 shares of the exchange traded fund’s stock valued at $1,091,000 after acquiring an additional 561 shares during the last quarter.

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.