Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 73,663 shares, an increase of 85.1% from the June 30th total of 39,800 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 35,065 shares, the days-to-cover ratio is presently 2.1 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Fifth Third Securities Inc. bought a new stake in Global X MSCI China Consumer Discretionary ETF during the 4th quarter valued at $348,000. Flow Traders U.S. LLC purchased a new position in shares of Global X MSCI China Consumer Discretionary ETF in the second quarter valued at $306,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the 1st quarter valued at $252,000.
Global X MSCI China Consumer Discretionary ETF Price Performance
Shares of CHIQ traded up $0.08 during trading hours on Thursday, hitting $18.44. The company’s stock had a trading volume of 2,367 shares, compared to its average volume of 52,711. The company has a market cap of $131.48 million, a price-to-earnings ratio of 15.04 and a beta of 0.31. The business has a 50 day simple moving average of $17.41 and a two-hundred day simple moving average of $19.37. Global X MSCI China Consumer Discretionary ETF has a 52-week low of $15.48 and a 52-week high of $24.67.
About Global X MSCI China Consumer Discretionary ETF
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.
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