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

iShares Global Utilities ETF (NYSEARCA:JXI) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,364 shares, a decline 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 short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On iShares Global Utilities ETF

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of iShares Global Utilities ETF by 20.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,339 shares of the exchange traded fund’s stock worth $794,000 after purchasing an additional 1,598 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of iShares Global Utilities ETF during the second quarter valued at $125,000. Solstein Capital LLC increased 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 acquiring an additional 20,881 shares during the period. Western Wealth Management LLC bought a new stake in iShares Global Utilities ETF in the 1st quarter valued at about $50,000. Finally, Cumberland Partners Ltd acquired a new position in iShares Global Utilities ETF during the 1st quarter valued at about $1,262,000.

iShares Global Utilities ETF Trading Up 0.0%

JXI stock traded up $0.00 during mid-day trading on Thursday, hitting $76.89. 28,440 shares of the company were exchanged, compared to its average volume of 37,049. The firm has a fifty day simple moving average of $81.62 and a 200 day simple moving average of $84.14. The company has a market capitalization of $369.09 million, a PE ratio of 16.92 and a beta of 0.59. iShares Global Utilities ETF has a twelve month low of $76.18 and a twelve month high of $90.09.

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.