Short Interest in iShares Global Consumer Staples ETF (NYSEARCA:KXI) Decreases By 72.0%

iShares Global Consumer Staples ETF (NYSEARCA:KXI) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 86,972 shares, a decline of 72.0% from the August 15th total of 310,822 shares. Based on an average daily volume of 75,172 shares, the short-interest ratio is presently 1.2 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares Global Consumer Staples ETF

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in iShares Global Consumer Staples ETF by 69.8% during the first quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock worth $6,637,000 after acquiring an additional 40,711 shares in the last quarter. Cetera Investment Advisers lifted its holdings in iShares Global Consumer Staples ETF by 7.7% during the 1st quarter. Cetera Investment Advisers now owns 7,877 shares of the company’s stock valued at $528,000 after purchasing an additional 564 shares during the last quarter. Northstar Financial Companies Inc. boosted its holdings in shares of iShares Global Consumer Staples ETF by 63.2% during the 1st quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock worth $1,570,000 after buying an additional 9,077 shares during the period. Northland Securities Inc. boosted its holdings in shares of iShares Global Consumer Staples ETF by 4.3% during the first quarter. Northland Securities Inc. now owns 48,730 shares of the company’s stock worth $3,265,000 after acquiring an additional 1,994 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in iShares Global Consumer Staples ETF in the 1st quarter valued at $1,173,000.

iShares Global Consumer Staples ETF Stock Up 0.4%

NYSEARCA KXI traded up $0.26 during trading on Friday, reaching $67.32. 57,635 shares of the stock traded hands, compared to its average volume of 85,162. The stock’s 50-day moving average price is $68.71 and its 200 day moving average price is $68.48. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48. iShares Global Consumer Staples ETF has a fifty-two week low of $63.15 and a fifty-two week high of $73.65.

iShares Global Consumer Staples ETF Company Profile

iShares Global Consumer Staples ETF (the Fund), formerly The iShares S&P Global Consumer Staples Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the S&P Global 1200 Consumer Staples Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. Components primarily include consumer discretionary, consumer goods and consumer staples companies. The Index includes manufacturers and distributors of food, producers of non-durable household goods, and food and drug retailing companies.