Short Interest in iShares Global Utilities ETF (NYSEARCA:JXI) Declines By 24.0%

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a significant drop in short interest during the month of 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 company’s stock are short sold. Based on an average daily trading volume, of 29,509 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 29,509 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

iShares Global Utilities ETF Trading Down 0.5%

Shares of JXI traded down $0.42 on Friday, reaching $81.56. The company’s stock had a trading volume of 15,926 shares, compared to its average volume of 38,201. iShares Global Utilities ETF has a twelve month low of $63.46 and a twelve month high of $82.23. The stock has a market capitalization of $269.15 million, a PE ratio of 16.92 and a beta of 0.64. The firm has a fifty day moving average of $79.50 and a 200-day moving average of $78.21.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JXI. Sava Infond d.o.o. purchased a new position in shares of iShares Global Utilities ETF during the fourth quarter valued at approximately $63,000. Flagship Harbor Advisors LLC purchased a new stake in iShares Global Utilities ETF in the 4th quarter valued at $67,000. SBI Securities Co. Ltd. lifted its stake in iShares Global Utilities ETF by 16.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,546 shares of the exchange traded fund’s stock valued at $188,000 after acquiring an additional 368 shares in the last quarter. Milestone Asset Management Group LLC bought a new position in iShares Global Utilities ETF during the 3rd quarter valued at $214,000. Finally, Flow Traders U.S. LLC purchased a new position in iShares Global Utilities ETF during the 2nd quarter worth $226,000.

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.