Short Interest in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Decreases By 35.4%

iShares Global Consumer Discretionary ETF (NYSEARCA:RXIGet Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 997 shares, a decrease of 35.4% from the July 15th total of 1,543 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,975 shares, the days-to-cover ratio is presently 0.0 days.

iShares Global Consumer Discretionary ETF Stock Performance

Shares of NYSEARCA:RXI traded up $2.56 during midday trading on Wednesday, hitting $202.00. The company’s stock had a trading volume of 3,867 shares, compared to its average volume of 10,123. The business’s 50 day simple moving average is $196.65 and its 200 day simple moving average is $197.31. The company has a market cap of $272.70 million, a P/E ratio of 19.64 and a beta of 1.05. iShares Global Consumer Discretionary ETF has a 12-month low of $180.68 and a 12-month high of $213.77.

Institutional Trading of iShares Global Consumer Discretionary ETF

A hedge fund recently raised its stake in iShares Global Consumer Discretionary ETF stock. Bessemer Group Inc. boosted its position in shares of iShares Global Consumer Discretionary ETF (NYSEARCA:RXIFree Report) by 110.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,525 shares of the company’s stock after purchasing an additional 3,942 shares during the period. Bessemer Group Inc. owned approximately 0.56% of iShares Global Consumer Discretionary ETF worth $1,403,000 at the end of the most recent quarter.

About iShares Global Consumer Discretionary ETF

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iShares Global Consumer Discretionary ETF (the Fund), formerly iShares S&P Global Consumer Discretionary Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global 1200 Consumer Discretionary Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the consumer discretionary sector of the economy and that S&P believes are important to global markets.

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