Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Stock Price Down 2.3% – What’s Next?

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ)’s stock price traded down 2.3% on Thursday . The company traded as low as $20.87 and last traded at $21.02. 37,635 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 59,015 shares. The stock had previously closed at $21.52.

Global X MSCI China Consumer Discretionary ETF Stock Down 0.3%

The firm has a market cap of $189.06 million, a price-to-earnings ratio of 15.04 and a beta of 0.37. The stock’s 50 day moving average is $21.51 and its 200 day moving average is $22.33.

Institutional Trading of Global X MSCI China Consumer Discretionary ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CHIQ. Goldman Sachs Group Inc. acquired a new position in Global X MSCI China Consumer Discretionary ETF during the first quarter worth about $252,000. Flow Traders U.S. LLC acquired a new position in shares of Global X MSCI China Consumer Discretionary ETF in the 2nd quarter worth approximately $306,000. Finally, Fifth Third Securities Inc. bought a new stake in shares of Global X MSCI China Consumer Discretionary ETF in the 4th quarter worth approximately $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.