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

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ)’s share price was up 2.3% during trading on Monday . The company traded as high as $20.02 and last traded at $19.98. Approximately 131,636 shares changed hands during mid-day trading, an increase of 144% from the average daily volume of 53,963 shares. The stock had previously closed at $19.53.

Global X MSCI China Consumer Discretionary ETF Trading Up 2.3%

The business has a 50-day moving average price of $21.14 and a 200-day moving average price of $22.21. The stock has a market cap of $180.22 million, a PE ratio of 15.04 and a beta of 0.37.

Institutional Trading of Global X MSCI China Consumer Discretionary ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 1st quarter worth about $252,000. Flow Traders U.S. LLC purchased a new stake in Global X MSCI China Consumer Discretionary ETF during the 2nd quarter worth approximately $306,000. Finally, Fifth Third Securities Inc. purchased a new stake in Global X MSCI China Consumer Discretionary ETF during 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.