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

iShares Global Utilities ETF (NYSEARCA:JXI) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 21,690 shares, a drop of 71.7% from the February 26th total of 76,553 shares. Based on an average daily trading volume, of 31,046 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Blair William & Co. IL bought a new position in shares of iShares Global Utilities ETF in the 4th quarter worth about $30,000. Sava Infond d.o.o. purchased a new position in iShares Global Utilities ETF during the 4th quarter valued at about $63,000. Flagship Harbor Advisors LLC bought a new stake in iShares Global Utilities ETF during the fourth quarter worth about $67,000. Rockefeller Capital Management L.P. boosted its stake in iShares Global Utilities ETF by 28.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,790 shares of the exchange traded fund’s stock worth $141,000 after acquiring an additional 394 shares in the last quarter. Finally, Milestone Asset Management Group LLC purchased a new stake in iShares Global Utilities ETF in the third quarter worth about $214,000.

iShares Global Utilities ETF Trading Up 0.8%

Shares of JXI stock traded up $0.66 during trading hours on Wednesday, reaching $84.93. The company’s stock had a trading volume of 17,049 shares, compared to its average volume of 35,787. iShares Global Utilities ETF has a one year low of $63.46 and a one year high of $89.56. The stock has a market capitalization of $280.27 million, a P/E ratio of 16.92 and a beta of 0.64. The firm’s fifty day simple moving average is $84.50 and its 200 day simple moving average is $80.93.

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.