Short Interest in Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Drops By 73.3%

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 20,153 shares, a decrease of 73.3% from the May 14th total of 75,390 shares. Based on an average daily volume of 69,997 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

Global X MSCI China Consumer Discretionary ETF Stock Performance

NYSEARCA CHIQ traded down $0.12 on Thursday, hitting $17.60. 166,544 shares of the stock traded hands, compared to its average volume of 56,379. The business’s fifty day moving average is $19.42 and its two-hundred day moving average is $20.50. Global X MSCI China Consumer Discretionary ETF has a 12 month low of $17.33 and a 12 month high of $24.67. The firm has a market capitalization of $131.47 million, a price-to-earnings ratio of 15.04 and a beta of 0.29.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Securities Inc. bought a new position in Global X MSCI China Consumer Discretionary ETF during the fourth quarter worth about $348,000. Flow Traders U.S. LLC bought a new position in Global X MSCI China Consumer Discretionary ETF during the second quarter worth about $306,000. Finally, Goldman Sachs Group Inc. bought a new position in Global X MSCI China Consumer Discretionary ETF during the first quarter worth about $252,000.

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.