iShares Global Utilities ETF (NYSEARCA:JXI) Sees Significant Growth in Short Interest

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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 17,406 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On iShares Global Utilities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL bought a new position in shares of iShares Global Utilities ETF during the 4th quarter worth about $30,000. Western Wealth Management LLC bought a new stake in iShares Global Utilities ETF in the 1st quarter valued at about $50,000. Fifth Third Bancorp increased its position in iShares Global Utilities ETF by 248.4% in the 1st quarter. Fifth Third Bancorp now owns 979 shares of the exchange traded fund’s stock valued at $85,000 after buying an additional 698 shares in the last quarter. MWA Asset Management acquired a new position in iShares Global Utilities ETF during the 1st quarter worth approximately $112,000. Finally, Rockefeller Capital Management L.P. raised its stake in iShares Global Utilities ETF by 28.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,790 shares of the exchange traded fund’s stock worth $141,000 after buying an additional 394 shares during the period.

iShares Global Utilities ETF Price Performance

Shares of NYSEARCA:JXI traded down $0.42 during mid-day trading on Friday, hitting $81.54. The company had a trading volume of 10,043 shares, compared to its average volume of 29,663. iShares Global Utilities ETF has a one year low of $73.65 and a one year high of $90.09. The firm has a fifty day moving average price of $84.06 and a 200 day moving average price of $85.30. The company has a market capitalization of $305.77 million, a PE ratio of 16.92 and a beta of 0.60.

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.