Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Sees Large Increase in Short Interest

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 13,933 shares, an increase of 79.6% from the January 15th total of 7,757 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 45,737 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 45,737 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Global X MSCI China Consumer Discretionary ETF Trading Down 0.3%

CHIQ stock traded down $0.06 during mid-day trading on Friday, hitting $20.96. The stock had a trading volume of 49,115 shares, compared to its average volume of 58,684. Global X MSCI China Consumer Discretionary ETF has a 1-year low of $17.87 and a 1-year high of $24.67. The company has a fifty day moving average of $21.51 and a 200 day moving average of $22.33. The stock has a market capitalization of $189.06 million, a price-to-earnings ratio of 15.04 and a beta of 0.37.

Hedge Funds Weigh In On Global X MSCI China Consumer Discretionary ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new stake in Global X MSCI China Consumer Discretionary ETF in the first quarter worth approximately $252,000. Flow Traders U.S. LLC acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF in the 2nd quarter valued at $306,000. Finally, Fifth Third Securities Inc. bought a new stake in Global X MSCI China Consumer Discretionary ETF in the fourth quarter worth $348,000.

Global X MSCI China Consumer Discretionary ETF Company Profile

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.