Short Interest in iShares Global Utilities ETF (NYSEARCA:JXI) Rises By 275.9%

Hey market watchers!

Have you been keeping an eye on the utilities sector lately? We’ve spotted some interesting movements for the iShares Global Utilities ETF (NYSEARCA:JXI) that’s worth diving into.

Recent data reveals a pretty significant surge in short interest for JXI during February. Specifically, as of February 13th, the total short interest in this ETF soared to an impressive 44,303 shares. Now, if you’re tracking the numbers, that’s a massive 275.9% increase from the 11,787 shares reported on January 29th!

For those new to the term, “short interest” essentially refers to the number of shares that have been sold short but not yet covered. A substantial increase like this often indicates a growing bearish sentiment among some investors who believe the ETF’s price might be heading downwards. They’re essentially betting against JXI.

While the news snippet only provides a glimpse, this dramatic jump in short positions suggests that a notable portion of the market is scrutinizing the global utilities sector via JXI. It’s definitely a development to keep on your radar if you’re invested in or considering the utilities space.

What are your thoughts on this surge in short interest for JXI? Let us know in the comments!

Source: Original Article