iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Shares Shorted: Short Interest Down 51.8% in October

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,561 shares, a decrease of 51.8% from the September 30th total of 3,240 shares. Based on an average daily volume of 12,648 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Global Consumer Discretionary ETF

An institutional investor recently raised its position in iShares Global Consumer Discretionary ETF stock. Bessemer Group Inc. increased its holdings in shares of iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) by 110.0% during the first quarter, according to its most recent disclosure with the Securities and 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 about 0.56% of iShares Global Consumer Discretionary ETF worth $1,403,000 at the end of the most recent reporting period.

iShares Global Consumer Discretionary ETF Trading Down 0.2%

RXI stock traded down $0.44 during midday trading on Friday, reaching $191.28. The stock had a trading volume of 12,621 shares, compared to its average volume of 16,876. The company’s fifty day simple moving average is $191.30 and its 200 day simple moving average is $196.54. The company has a market cap of $239.10 million, a price-to-earnings ratio of 19.64 and a beta of 1.07. iShares Global Consumer Discretionary ETF has a 52-week low of $180.68 and a 52-week high of $213.77.

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.