iShares Global Utilities ETF (NYSEARCA:JXI) Shares Shorted: Short Interest Down 51.4% in October

iShares Global Utilities ETF (NYSEARCA:JXI) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 23,981 shares, a drop of 51.4% from the September 30th total of 49,372 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 31,392 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JXI. Miller Howard Investments Inc. NY bought a new position in iShares Global Utilities ETF in the 3rd quarter worth approximately $329,000. NTV Asset Management LLC acquired a new position in iShares Global Utilities ETF during the third quarter valued at approximately $2,842,000. Mondrian Investment Partners LTD acquired a new stake in iShares Global Utilities ETF during the 3rd quarter worth $106,000. Mather Group LLC. acquired a new stake in shares of iShares Global Utilities ETF during the third quarter worth about $38,000. Finally, Nautilus Advisors LLC lifted its stake in iShares Global Utilities ETF by 7.0% in 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 in the last quarter.

iShares Global Utilities ETF Stock Performance

Shares of NYSEARCA JXI traded up $0.28 during trading on Friday, hitting $82.92. The company had a trading volume of 53,646 shares, compared to its average volume of 45,516. iShares Global Utilities ETF has a 52 week low of $76.18 and a 52 week high of $90.09. The company has a market cap of $348.26 million, a P/E ratio of 16.92 and a beta of 0.57. The business’s 50-day moving average is $80.17 and its 200 day moving average is $83.70.

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.