iShares Global Utilities ETF (NYSEARCA:JXI – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 49,372 shares, a growth of 1,988.5% from the September 15th total of 2,364 shares. Based on an average daily volume of 67,279 shares, the short-interest ratio is currently 0.7 days. Approximately 1.0% of the company’s stock are short sold.
iShares Global Utilities ETF Stock Performance
Shares of NYSEARCA:JXI traded up $0.55 during midday trading on Friday, hitting $79.57. 32,830 shares of the stock were exchanged, compared to its average volume of 37,172. iShares Global Utilities ETF has a 52-week low of $76.18 and a 52-week high of $90.09. The business’s fifty day simple moving average is $80.70 and its two-hundred day simple moving average is $83.76. The company has a market capitalization of $381.94 million, a PE ratio of 16.92 and a beta of 0.57.
Hedge Funds Weigh In On iShares Global Utilities ETF
Institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC lifted its position in 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 acquiring an additional 33,882 shares during the last quarter. Bank of Nova Scotia increased its position in shares of iShares Global Utilities ETF by 3.3% during the first quarter. Bank of Nova Scotia now owns 30,880 shares of the exchange traded fund’s stock valued at $2,666,000 after purchasing an additional 1,000 shares during the period. Corient Private Wealth LLC bought a new stake in iShares Global Utilities ETF in the 4th quarter valued at $1,710,000. Solstein Capital LLC raised its holdings in shares of iShares Global Utilities ETF by 4,539.3% in the 2nd quarter. Solstein Capital LLC now owns 21,341 shares of the exchange traded fund’s stock worth $1,813,000 after buying an additional 20,881 shares in the last quarter. Finally, Cumberland Partners Ltd acquired a new stake in shares of iShares Global Utilities ETF during the 1st quarter worth about $1,262,000.
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.
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