iShares Global Utilities ETF (NYSEARCA:JXI) Stock Short Interest Declines 51.4%

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,364 shares, a decrease of 51.4% from the August 31st total of 4,861 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 128,848 shares, the days-to-cover ratio is presently 0.0 days.

iShares Global Utilities ETF Price Performance

NYSEARCA JXI traded down $0.31 during trading hours on Wednesday, reaching $76.89. 48,135 shares of the company’s stock traded hands, compared to its average volume of 36,898. iShares Global Utilities ETF has a 52-week low of $76.28 and a 52-week high of $90.09. The firm has a market cap of $369.07 million, a PE ratio of 16.92 and a beta of 0.59. The firm has a 50-day simple moving average of $81.81 and a 200 day simple moving average of $84.21.

Institutional Trading of iShares Global Utilities ETF

A number of hedge funds have recently made changes to their positions in JXI. Kestra Advisory Services LLC lifted its stake in shares of iShares Global Utilities ETF by 191.2% in the first quarter. Kestra Advisory Services LLC now owns 51,605 shares of the exchange traded fund’s stock worth $4,456,000 after buying an additional 33,882 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of 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. Solstein Capital LLC raised its stake in shares of iShares Global Utilities ETF by 4,539.3% in the second quarter. Solstein Capital LLC now owns 21,341 shares of the exchange traded fund’s stock worth $1,813,000 after purchasing an additional 20,881 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of iShares Global Utilities ETF during the fourth quarter valued at $1,710,000. Finally, Cumberland Partners Ltd purchased a new stake in shares of iShares Global Utilities ETF during the first quarter valued at $1,262,000.

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.