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

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,212 shares, a drop of 86.2% from the June 30th total of 23,249 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 28,500 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares Global Utilities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in shares of iShares Global Utilities ETF by 1.8% during 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 period. LOM Asset Management Ltd increased its holdings in shares of iShares Global Utilities ETF by 2.0% in the 4th quarter. LOM Asset Management Ltd now owns 8,221 shares of the exchange traded fund’s stock valued at $647,000 after acquiring an additional 165 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of 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 in the last quarter. Commonwealth Equity Services LLC raised its position in shares of iShares Global Utilities ETF by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,342 shares of the exchange traded fund’s stock worth $735,000 after acquiring an additional 307 shares in the last quarter. Finally, Blair William & Co. IL purchased a new stake in iShares Global Utilities ETF during the fourth quarter worth approximately $30,000.

iShares Global Utilities ETF Stock Up 0.2%

NYSEARCA JXI traded up $0.14 during trading hours on Friday, hitting $86.33. 21,202 shares of the company were exchanged, compared to its average volume of 31,242. The company has a 50 day moving average of $84.55 and a two-hundred day moving average of $84.82. iShares Global Utilities ETF has a 52-week low of $73.65 and a 52-week high of $90.09. The firm has a market cap of $328.05 million, a price-to-earnings ratio of 16.92 and a beta of 0.60.

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.