iShares Global Consumer Discretionary ETF (NYSEARCA:RXI – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 6,249 shares, a growth of 344.5% from the August 15th total of 1,406 shares. Based on an average daily volume of 22,331 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the shares of the stock are short sold.
Institutional Investors Weigh In On iShares Global Consumer Discretionary ETF
A hedge fund recently raised its stake in iShares Global Consumer Discretionary ETF stock. Bessemer Group Inc. increased its stake in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI – Free Report) by 110.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,525 shares of the company’s stock after acquiring an additional 3,942 shares during the quarter. Bessemer Group Inc. owned approximately 0.56% of iShares Global Consumer Discretionary ETF worth $1,403,000 at the end of the most recent quarter.
iShares Global Consumer Discretionary ETF Trading Up 1.3%
RXI stock traded up $2.46 on Friday, hitting $192.13. 3,853 shares of the company’s stock traded hands, compared to its average volume of 10,784. iShares Global Consumer Discretionary ETF has a 1-year low of $180.68 and a 1-year high of $213.77. The stock has a market cap of $259.38 million, a price-to-earnings ratio of 19.64 and a beta of 1.05. The stock has a fifty day moving average of $197.69 and a 200-day moving average of $196.30.
About iShares Global Consumer Discretionary ETF
iShares Global Consumer Discretionary ETF (the Fund), formerly iShares S&P Global Consumer Discretionary Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global 1200 Consumer Discretionary Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the consumer discretionary sector of the economy and that S&P believes are important to global markets.
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