Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 73,663 shares, an increase of 85.1% from the June 30th total of 39,800 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 35,065 shares, the short-interest ratio is presently 2.1 days.
Global X MSCI China Consumer Discretionary ETF Trading Up 1.5%
Shares of Global X MSCI China Consumer Discretionary ETF stock traded up $0.28 on Friday, reaching $18.72. 23,346 shares of the company were exchanged, compared to its average volume of 52,562. The company has a market capitalization of $133.47 million, a price-to-earnings ratio of 15.04 and a beta of 0.31. Global X MSCI China Consumer Discretionary ETF has a one year low of $15.48 and a one year high of $24.67. The company has a 50-day moving average of $17.40 and a 200 day moving average of $19.34.
Hedge Funds Weigh In On Global X MSCI China Consumer Discretionary ETF
Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF in the first quarter valued at approximately $252,000. Flow Traders U.S. LLC acquired a new stake in Global X MSCI China Consumer Discretionary ETF during the second quarter worth approximately $306,000. Finally, Fifth Third Securities Inc. acquired a new stake in Global X MSCI China Consumer Discretionary ETF during the fourth quarter worth approximately $348,000.
About Global X MSCI China Consumer Discretionary ETF
Global X China Consumer ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive China Consumer Index (the Underlying Index). The Underlying Index is a free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure performance of the investable universe of companies in the Consumer sector of the Chinese economy, as defined by Structured Solutions AG. Global X Management Company, LLC serves as the investment adviser to the Fund.
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