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

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 51,676 shares, an increase of 138.2% from the March 15th total of 21,690 shares. Based on an average daily volume of 34,871 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.4% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Global Utilities ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barings LLC acquired a new stake in shares of iShares Global Utilities ETF in the third quarter worth $7,976,000. J. Safra Sarasin Holding AG acquired a new stake in shares of iShares Global Utilities ETF in the fourth quarter worth $949,000. Jones Financial Companies Lllp grew its stake in shares of iShares Global Utilities ETF by 70.4% in the third quarter. Jones Financial Companies Lllp now owns 3,839 shares of the exchange traded fund’s stock worth $296,000 after acquiring an additional 1,586 shares during the last quarter. Milestone Asset Management Group LLC acquired a new stake in shares of iShares Global Utilities ETF in the third quarter worth $214,000. Finally, HRT Financial LP acquired a new stake in shares of iShares Global Utilities ETF in the fourth quarter worth $918,000.

iShares Global Utilities ETF Stock Down 1.0%

Shares of JXI stock traded down $0.90 during trading hours on Monday, reaching $88.29. 42,462 shares of the company’s stock were exchanged, compared to its average volume of 35,831. iShares Global Utilities ETF has a fifty-two week low of $68.19 and a fifty-two week high of $90.09. The stock has a market capitalization of $331.09 million, a P/E ratio of 16.92 and a beta of 0.66. The business has a fifty day moving average price of $86.32 and a 200-day moving average price of $82.08.

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.