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

iShares Global Utilities ETF (NYSEARCA:JXI) saw a large 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. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 40,759 shares, the days-to-cover ratio is currently 0.6 days.

iShares Global Utilities ETF Price Performance

JXI stock opened at $84.96 on Friday. The stock has a market cap of $322.85 million, a price-to-earnings ratio of 16.92 and a beta of 0.60. The company has a 50 day simple moving average of $84.50 and a 200 day simple moving average of $84.59. iShares Global Utilities ETF has a 1 year low of $73.65 and a 1 year high of $90.09.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JXI. Western Wealth Management LLC acquired a new stake in shares of iShares Global Utilities ETF during the 1st quarter valued at $50,000. Cumberland Partners Ltd bought a new stake in iShares Global Utilities ETF during the 1st quarter worth $1,262,000. Bank of Nova Scotia increased its holdings in iShares Global Utilities ETF by 3.3% in the 1st quarter. Bank of Nova Scotia now owns 30,880 shares of the exchange traded fund’s stock worth $2,666,000 after purchasing an additional 1,000 shares in the last quarter. MWA Asset Management acquired a new position in iShares Global Utilities ETF in the 1st quarter worth about $112,000. Finally, J. Safra Sarasin Holding AG increased its holdings in iShares Global Utilities ETF by 4.6% in the 1st quarter. J. Safra Sarasin Holding AG now owns 12,631 shares of the exchange traded fund’s stock worth $1,091,000 after purchasing an additional 561 shares in the last quarter.

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.