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

iShares Global Utilities ETF (NYSEARCA:JXI) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 23,981 shares, a decline of 51.4% from the September 30th total of 49,372 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 31,392 shares, the short-interest ratio is currently 0.8 days.

iShares Global Utilities ETF Stock Performance

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

Institutional Trading of iShares Global Utilities ETF

Several large investors have recently modified their holdings of the stock. Miller Howard Investments Inc. NY acquired a new stake in shares of iShares Global Utilities ETF in the 3rd quarter valued at about $329,000. NTV Asset Management LLC acquired a new position in iShares Global Utilities ETF during the 3rd quarter worth approximately $2,842,000. Mondrian Investment Partners LTD bought a new position in iShares Global Utilities ETF in the third quarter worth approximately $106,000. Mather Group LLC. bought a new position in iShares Global Utilities ETF in the third quarter worth approximately $38,000. Finally, Nautilus Advisors LLC grew 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 acquiring an additional 522 shares during the period.

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.