iShares Global Utilities ETF (NYSEARCA:JXI) Short Interest Update

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 10,868 shares, a drop of 24.0% from the December 31st total of 14,309 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 29,509 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 29,509 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

iShares Global Utilities ETF Stock Performance

Shares of iShares Global Utilities ETF stock traded down $0.42 during trading on Friday, reaching $81.56. 15,926 shares of the company’s stock were exchanged, compared to its average volume of 38,201. iShares Global Utilities ETF has a 1-year low of $63.46 and a 1-year high of $82.23. The company has a market cap of $269.15 million, a P/E ratio of 16.92 and a beta of 0.64. The firm’s 50-day moving average price is $79.50 and its 200 day moving average price is $78.21.

Institutional Investors Weigh In On iShares Global Utilities ETF

Hedge funds have recently made changes to their positions in the stock. Sava Infond d.o.o. acquired a new position in iShares Global Utilities ETF during the 4th quarter worth approximately $63,000. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Global Utilities ETF during the fourth quarter worth $67,000. SBI Securities Co. Ltd. increased its holdings in shares of iShares Global Utilities ETF by 16.9% during the second quarter. SBI Securities Co. Ltd. now owns 2,546 shares of the exchange traded fund’s stock worth $188,000 after buying an additional 368 shares in the last quarter. Milestone Asset Management Group LLC acquired a new position in shares of iShares Global Utilities ETF during the third quarter worth $214,000. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares Global Utilities ETF in 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.