Short Interest in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Declines By 48.0%

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,318 shares, a decline of 48.0% from the May 14th total of 2,535 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,561 shares, the days-to-cover ratio is presently 0.3 days.

iShares Global Consumer Discretionary ETF Price Performance

Shares of NYSEARCA:RXI traded up $0.17 during trading on Friday, hitting $197.17. 9,186 shares of the company were exchanged, compared to its average volume of 9,253. The stock has a market capitalization of $266.18 million, a P/E ratio of 19.64 and a beta of 1.05. iShares Global Consumer Discretionary ETF has a 12-month low of $180.68 and a 12-month high of $213.77. The firm’s 50 day moving average price is $197.14 and its 200-day moving average price is $200.92.

Institutional Trading of iShares Global Consumer Discretionary ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RXI. Flow Traders U.S. LLC acquired a new stake in shares of iShares Global Consumer Discretionary ETF during the third quarter worth about $4,061,000. Bessemer Group Inc. increased its position in shares of iShares Global Consumer Discretionary ETF by 110.0% during the first quarter. Bessemer Group Inc. now owns 7,525 shares of the company’s stock worth $1,403,000 after purchasing an additional 3,942 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in shares of iShares Global Consumer Discretionary ETF by 31.7% during the first quarter. Integrated Wealth Concepts LLC now owns 2,382 shares of the company’s stock worth $423,000 after purchasing an additional 574 shares in the last quarter.

iShares Global Consumer Discretionary ETF Company Profile

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.