Short Interest in iShares Global Utilities ETF (NYSEARCA:JXI) Rises By 159.7%

iShares Global Utilities ETF (NYSEARCA:JXI) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,469 shares, an increase of 159.7% from the July 30th total of 1,721 shares. Based on an average daily volume of 17,406 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

iShares Global Utilities ETF Stock Down 0.5%

Shares of iShares Global Utilities ETF stock opened at $81.54 on Friday. The stock has a market cap of $305.77 million, a PE ratio of 16.92 and a beta of 0.60. The business has a fifty day simple moving average of $84.06 and a 200-day simple moving average of $85.30. iShares Global Utilities ETF has a 12 month low of $73.65 and a 12 month high of $90.09.

Institutional Investors Weigh In On iShares Global Utilities ETF

Several hedge funds have recently bought and sold shares of JXI. Envestnet Asset Management Inc. increased its holdings in iShares Global Utilities ETF by 1.8% in the third quarter. Envestnet Asset Management Inc. now owns 7,254 shares of the exchange traded fund’s stock worth $563,000 after buying an additional 131 shares during the last quarter. Ameriprise Financial Inc. lifted its position in iShares Global Utilities ETF by 0.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 31,988 shares of the exchange traded fund’s stock worth $2,360,000 after acquiring an additional 230 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of iShares Global Utilities ETF by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,342 shares of the exchange traded fund’s stock valued at $735,000 after purchasing an additional 307 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of iShares Global Utilities ETF in the fourth quarter valued at about $30,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of iShares Global Utilities ETF by 28.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,790 shares of the exchange traded fund’s stock worth $141,000 after purchasing an additional 394 shares during the period.

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.