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

iShares Global Utilities ETF (NYSEARCA:JXI) saw a large increase in short interest in the month of 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. Based on an average daily volume of 67,279 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.0% of the shares of the stock are sold short.

iShares Global Utilities ETF Price Performance

Shares of iShares Global Utilities ETF stock traded up $0.55 during trading on Friday, hitting $79.57. The stock had a trading volume of 32,830 shares, compared to its average volume of 37,172. The firm has a market cap of $381.94 million, a P/E ratio of 16.92 and a beta of 0.57. The business has a fifty day moving average of $80.78 and a two-hundred day moving average of $83.79. iShares Global Utilities ETF has a fifty-two week low of $76.18 and a fifty-two week high of $90.09.

Hedge Funds Weigh In On iShares Global Utilities ETF

Several large investors have recently made changes to their positions in JXI. Kestra Advisory Services LLC raised its position in shares of iShares Global Utilities ETF by 191.2% during the first quarter. Kestra Advisory Services LLC now owns 51,605 shares of the exchange traded fund’s stock worth $4,456,000 after purchasing an additional 33,882 shares during the period. Corient Private Wealth LLC purchased a new position in iShares Global Utilities ETF in the 4th quarter worth about $1,710,000. Solstein Capital LLC increased its stake in 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 purchasing an additional 20,881 shares in the last quarter. Cumberland Partners Ltd acquired a new stake in iShares Global Utilities ETF during the 1st quarter worth about $1,262,000. Finally, Private Advisor Group LLC lifted its stake in iShares Global Utilities ETF by 30.8% during the first quarter. Private Advisor Group LLC now owns 12,931 shares of the exchange traded fund’s stock valued at $1,116,000 after buying an additional 3,044 shares in the last quarter.

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.