Short Interest in iShares Global Consumer Staples ETF (NYSEARCA:KXI) Rises By 139.0%

iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 75,300 shares, a growth of 139.0% from the May 15th total of 31,500 shares. Based on an average trading volume of 101,700 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KXI. Parallel Advisors LLC acquired a new stake in iShares Global Consumer Staples ETF in the first quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares Global Consumer Staples ETF during the 4th quarter valued at about $26,000. TD Waterhouse Canada Inc. acquired a new position in shares of iShares Global Consumer Staples ETF in the 4th quarter worth approximately $48,000. IFP Advisors Inc raised its holdings in shares of iShares Global Consumer Staples ETF by 1,000.4% in the 4th quarter. IFP Advisors Inc now owns 2,487 shares of the company’s stock worth $150,000 after purchasing an additional 2,261 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in iShares Global Consumer Staples ETF during the first quarter valued at approximately $201,000.

iShares Global Consumer Staples ETF Trading Down 1.1%

KXI traded down $0.75 on Friday, reaching $66.15. The company had a trading volume of 59,738 shares, compared to its average volume of 71,382. The company has a market capitalization of $843.41 million, a P/E ratio of 23.79 and a beta of 0.58. The company has a fifty day moving average of $65.73 and a 200-day moving average of $63.40. iShares Global Consumer Staples ETF has a one year low of $58.34 and a one year high of $67.47.

iShares Global Consumer Staples ETF Company Profile

iShares Global Consumer Staples ETF (the Fund), formerly The iShares S&P Global Consumer Staples Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the S&P Global 1200 Consumer Staples Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index.