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

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

iShares Global Utilities ETF Trading Up 0.1%

JXI traded up $0.08 on Friday, hitting $83.22. 9,624 shares of the company were exchanged, compared to its average volume of 29,705. The company has a market cap of $312.07 million, a price-to-earnings ratio of 16.92 and a beta of 0.60. The firm has a 50-day moving average price of $84.29 and a two-hundred day moving average price of $85.28. iShares Global Utilities ETF has a twelve month low of $73.65 and a twelve month high of $90.09.

Institutional Trading of iShares Global Utilities ETF

Hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC purchased a new stake in shares of iShares Global Utilities ETF in the 4th quarter valued at approximately $1,710,000. Kestra Advisory Services LLC grew its stake in shares of iShares Global Utilities ETF by 191.2% during the first quarter. Kestra Advisory Services LLC now owns 51,605 shares of the exchange traded fund’s stock worth $4,456,000 after purchasing an additional 33,882 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Global Utilities ETF by 480,591.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,683 shares of the exchange traded fund’s stock worth $4,537,000 after purchasing an additional 57,671 shares in the last quarter. Cumberland Partners Ltd purchased a new position in iShares Global Utilities ETF in the first quarter valued at $1,262,000. Finally, Bank of Nova Scotia increased its holdings in 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 buying an additional 1,000 shares during 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.