iShares Global Utilities ETF (NYSEARCA:JXI) Stock Short Interest Rises 1,988.5%

iShares Global Utilities ETF (NYSEARCA:JXI) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 49,372 shares, an increase of 1,988.5% from the September 15th total of 2,364 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average trading volume of 67,279 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of iShares Global Utilities ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nautilus Advisors LLC raised its position in iShares Global Utilities ETF by 7.0% during the third quarter. Nautilus Advisors LLC now owns 7,930 shares of the exchange traded fund’s stock valued at $610,000 after buying an additional 522 shares during the period. Bangor Savings Bank purchased a new stake in iShares Global Utilities ETF in the 3rd quarter worth about $69,000. Envestnet Asset Management Inc. boosted its position in 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 acquiring an additional 1,598 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in iShares Global Utilities ETF during the 2nd quarter worth about $125,000. Finally, Solstein Capital LLC grew its stake in iShares Global Utilities ETF by 4,539.3% during the 2nd quarter. Solstein Capital LLC now owns 21,341 shares of the exchange traded fund’s stock valued at $1,813,000 after acquiring an additional 20,881 shares in the last quarter.

iShares Global Utilities ETF Price Performance

iShares Global Utilities ETF stock traded up $0.55 during midday trading on Friday, reaching $79.57. The stock had a trading volume of 32,830 shares, compared to its average volume of 37,172. iShares Global Utilities ETF has a twelve month low of $76.18 and a twelve month high of $90.09. The firm has a market cap of $381.94 million, a price-to-earnings ratio of 16.92 and a beta of 0.57. The firm’s fifty day simple moving average is $80.78 and its two-hundred day simple moving average is $83.79.

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.