Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Shares Down 1.7% – What’s Next?

Shares of Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) dropped 1.7% on Friday . The stock traded as low as $17.92 and last traded at $17.99. Approximately 15,534 shares traded hands during trading, a decline of 72% from the average daily volume of 55,892 shares. The stock had previously closed at $18.31.

Global X MSCI China Consumer Discretionary ETF Stock Down 1.7%

The stock has a fifty day moving average price of $19.56 and a two-hundred day moving average price of $20.63. The company has a market cap of $134.39 million, a price-to-earnings ratio of 15.04 and a beta of 0.29.

Institutional Trading of Global X MSCI China Consumer Discretionary ETF

A number of institutional investors have recently bought and sold shares of CHIQ. Goldman Sachs Group Inc. bought a new position in shares of Global X MSCI China Consumer Discretionary ETF during the first quarter worth approximately $252,000. Flow Traders U.S. LLC acquired a new stake in Global X MSCI China Consumer Discretionary ETF during the second quarter worth approximately $306,000. Finally, Fifth Third Securities Inc. bought a new position in Global X MSCI China Consumer Discretionary ETF during the 4th quarter worth $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.