iShares Global Utilities ETF (NYSEARCA:JXI) Short Interest Down 43.6% in June

iShares Global Utilities ETF (NYSEARCA:JXI) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 23,249 shares, a decline of 43.6% from the June 15th total of 41,195 shares. Based on an average trading volume of 40,759 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Trading of iShares Global Utilities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JXI. LPL Financial LLC boosted its stake in iShares Global Utilities ETF by 181.4% during the fourth quarter. LPL Financial LLC now owns 120,786 shares of the exchange traded fund’s stock worth $9,500,000 after buying an additional 77,865 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Global Utilities ETF by 480,591.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,683 shares of the exchange traded fund’s stock valued at $4,537,000 after acquiring an additional 57,671 shares during the period. Guardian Partners Inc. bought a new stake in shares of iShares Global Utilities ETF in the 4th quarter worth about $4,098,000. Susquehanna International Group LLP lifted its holdings in shares of iShares Global Utilities ETF by 246.3% in the 3rd quarter. Susquehanna International Group LLP now owns 52,723 shares of the exchange traded fund’s stock worth $4,094,000 after acquiring an additional 37,499 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in shares of iShares Global Utilities ETF by 191.2% during the 1st 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 during the period.

iShares Global Utilities ETF Stock Performance

JXI stock traded down $0.14 during midday trading on Thursday, reaching $84.94. 13,621 shares of the company traded hands, compared to its average volume of 32,011. The firm has a market capitalization of $322.77 million, a price-to-earnings ratio of 16.92 and a beta of 0.60. iShares Global Utilities ETF has a 52-week low of $73.14 and a 52-week high of $90.09. The business has a 50 day moving average of $84.51 and a 200-day moving average of $84.59.

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.