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

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,469 shares, a growth of 159.7% from the July 30th total of 1,721 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 17,406 shares, the short-interest ratio is presently 0.3 days.

iShares Global Utilities ETF Stock Down 0.7%

JXI opened at $81.96 on Friday. iShares Global Utilities ETF has a 12-month low of $73.65 and a 12-month high of $90.09. The stock has a market cap of $307.35 million, a price-to-earnings ratio of 16.92 and a beta of 0.60. The business has a 50 day moving average of $84.10 and a 200-day moving average of $85.33.

Institutional Investors Weigh In On iShares Global Utilities ETF

Several hedge funds have recently added to or reduced their stakes in JXI. Solstein Capital LLC boosted its position in iShares Global Utilities ETF by 4,539.3% during the second quarter. Solstein Capital LLC now owns 21,341 shares of the exchange traded fund’s stock worth $1,813,000 after purchasing an additional 20,881 shares during the period. Western Wealth Management LLC acquired a new position in shares of iShares Global Utilities ETF in the first quarter valued at $50,000. Cumberland Partners Ltd bought a new position in shares of iShares Global Utilities ETF in the first quarter valued at about $1,262,000. Bank of Nova Scotia raised its position in shares of iShares Global Utilities ETF by 3.3% in the first quarter. Bank of Nova Scotia now owns 30,880 shares of the exchange traded fund’s stock valued at $2,666,000 after purchasing an additional 1,000 shares during the period. Finally, MWA Asset Management acquired a new stake in shares of iShares Global Utilities ETF during the 1st quarter worth about $112,000.

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.