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

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a significant decline in short interest in 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 trading volume of 128,848 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On iShares Global Utilities ETF

Several large investors have recently modified their holdings of the business. Kestra Advisory Services LLC grew its stake in 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 valued at $4,456,000 after purchasing an additional 33,882 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of iShares Global Utilities ETF during the fourth quarter valued at about $1,710,000. Solstein Capital LLC lifted its position in shares of iShares Global Utilities ETF by 4,539.3% during the second quarter. Solstein Capital LLC now owns 21,341 shares of the exchange traded fund’s stock valued at $1,813,000 after buying an additional 20,881 shares during the last quarter. Cumberland Partners Ltd bought a new stake in shares of iShares Global Utilities ETF in the 1st quarter valued at about $1,262,000. Finally, Private Advisor Group LLC boosted its holdings in shares of iShares Global Utilities ETF by 30.8% in the 1st 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.

iShares Global Utilities ETF Stock Up 0.5%

NYSEARCA:JXI traded up $0.35 during mid-day trading on Tuesday, reaching $77.20. The company’s stock had a trading volume of 23,977 shares, compared to its average volume of 36,838. iShares Global Utilities ETF has a 1 year low of $76.28 and a 1 year high of $90.09. The stock has a fifty day moving average of $81.95 and a 200-day moving average of $84.27. The firm has a market capitalization of $370.56 million, a PE ratio of 16.92 and a beta of 0.59.

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.