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

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 1,721 shares, a decrease of 46.4% from the July 15th total of 3,212 shares. Based on an average trading volume of 12,950 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

iShares Global Utilities ETF Trading Up 0.1%

iShares Global Utilities ETF stock traded up $0.08 during midday trading on Friday, reaching $83.22. 9,624 shares of the stock traded hands, compared to its average volume of 29,705. The firm has a market cap of $312.07 million, a PE ratio of 16.92 and a beta of 0.60. The company has a 50-day simple moving average of $84.29 and a two-hundred day simple moving average of $85.28. iShares Global Utilities ETF has a 12-month low of $73.65 and a 12-month high of $90.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new stake in iShares Global Utilities ETF during the 1st quarter worth approximately $50,000. Cumberland Partners Ltd purchased a new position in iShares Global Utilities ETF in the 1st quarter valued at approximately $1,262,000. Bank of Nova Scotia boosted its position in iShares Global Utilities ETF by 3.3% in the 1st quarter. Bank of Nova Scotia now owns 30,880 shares of the exchange traded fund’s stock valued at $2,666,000 after buying an additional 1,000 shares during the period. MWA Asset Management acquired a new position in shares of iShares Global Utilities ETF in the first quarter worth $112,000. Finally, J. Safra Sarasin Holding AG grew 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 worth $1,091,000 after acquiring an additional 561 shares in 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.