Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Short Interest Down 85.5% in July

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 10,717 shares, a decline of 85.5% from the July 15th total of 73,663 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 52,443 shares, the days-to-cover ratio is currently 0.2 days.

Global X MSCI China Consumer Discretionary ETF Trading Down 1.2%

Shares of CHIQ stock traded down $0.21 during trading on Wednesday, reaching $18.00. 3,603 shares of the company’s stock traded hands, compared to its average volume of 50,801. The firm’s 50-day moving average is $17.41 and its 200 day moving average is $19.17. The company has a market capitalization of $125.10 million, a P/E ratio of 15.04 and a beta of 0.30. Global X MSCI China Consumer Discretionary ETF has a 1 year low of $15.48 and a 1 year high of $24.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHIQ. Fifth Third Securities Inc. purchased a new stake in Global X MSCI China Consumer Discretionary ETF during the fourth quarter valued at about $348,000. Flow Traders U.S. LLC bought a new position in Global X MSCI China Consumer Discretionary ETF in the second quarter worth $306,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Global X MSCI China Consumer Discretionary ETF during the first quarter valued at approximately $252,000.

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.