iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Large Decline in Short Interest

iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 86,972 shares, a decrease of 72.0% from the August 15th total of 310,822 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 75,172 shares, the short-interest ratio is presently 1.2 days.

iShares Global Consumer Staples ETF Trading Up 0.4%

KXI stock traded up $0.26 during midday trading on Friday, hitting $67.32. 57,635 shares of the company’s stock were exchanged, compared to its average volume of 85,162. The business has a 50-day simple moving average of $68.71 and a two-hundred day simple moving average of $68.45. The stock has a market capitalization of $1.04 billion, a PE ratio of 23.27 and a beta of 0.48. iShares Global Consumer Staples ETF has a 1-year low of $63.15 and a 1-year high of $73.65.

Institutional Trading of iShares Global Consumer Staples ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in iShares Global Consumer Staples ETF in the third quarter valued at about $32,000. Kestra Advisory Services LLC acquired a new stake in shares of iShares Global Consumer Staples ETF during the fourth quarter valued at about $36,000. BOKF NA purchased a new stake in shares of iShares Global Consumer Staples ETF in the 3rd quarter valued at approximately $37,000. Triumph Capital Management purchased a new stake in shares of iShares Global Consumer Staples ETF in the 3rd quarter valued at approximately $102,000. Finally, Fifth Third Bancorp lifted its holdings in shares of iShares Global Consumer Staples ETF by 73.0% in the 1st quarter. Fifth Third Bancorp now owns 2,187 shares of the company’s stock worth $147,000 after acquiring an additional 923 shares during the last quarter.

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. Components primarily include consumer discretionary, consumer goods and consumer staples companies. The Index includes manufacturers and distributors of food, producers of non-durable household goods, and food and drug retailing companies.