Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Short Interest Update

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 39,800 shares, a growth of 186.9% from the June 15th total of 13,873 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 30,264 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Global X MSCI China Consumer Discretionary ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Securities Inc. acquired a new position in Global X MSCI China Consumer Discretionary ETF in the fourth quarter valued at $348,000. Flow Traders U.S. LLC acquired a new position in shares of Global X MSCI China Consumer Discretionary ETF during the second quarter worth $306,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the first quarter worth about $252,000.

Global X MSCI China Consumer Discretionary ETF Trading Down 1.3%

Shares of NYSEARCA CHIQ traded down $0.23 on Monday, reaching $16.99. 17,455 shares of the company traded hands, compared to its average volume of 52,911. The stock has a market capitalization of $121.14 million, a PE ratio of 15.04 and a beta of 0.31. Global X MSCI China Consumer Discretionary ETF has a fifty-two week low of $15.48 and a fifty-two week high of $24.67. The company has a 50 day moving average of $17.95 and a 200 day moving average of $19.74.

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.