Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Stock Price Down 1% – What’s Next?

Shares of Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) dropped 1% during mid-day trading on Tuesday . The stock traded as low as $21.61 and last traded at $21.69. Approximately 16,031 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 68,110 shares. The stock had previously closed at $21.90.

Global X MSCI China Consumer Discretionary ETF Stock Down 1.0%

The firm has a fifty day moving average of $22.40 and a 200-day moving average of $22.33. The firm has a market cap of $220.59 million, a P/E ratio of 15.04 and a beta of 0.37.

Institutional Investors Weigh In On Global X MSCI China Consumer Discretionary ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. acquired a new position in Global X MSCI China Consumer Discretionary ETF during the first quarter worth approximately $28,000. Goldman Sachs Group Inc. bought a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 1st quarter worth approximately $252,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 2nd quarter worth approximately $306,000.

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.