Short Interest in Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Drops By 73.3%

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 20,153 shares, a decline of 73.3% from the May 14th total of 75,390 shares. Based on an average daily trading volume, of 69,997 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Global X MSCI China Consumer Discretionary ETF

Institutional investors have recently modified their holdings of the business. Fifth Third Securities Inc. bought a new position in shares of Global X MSCI China Consumer Discretionary ETF in the fourth quarter worth about $348,000. Flow Traders U.S. LLC bought a new position in shares of Global X MSCI China Consumer Discretionary ETF in the 2nd quarter valued at $306,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Global X MSCI China Consumer Discretionary ETF in the 1st quarter valued at $252,000.

Global X MSCI China Consumer Discretionary ETF Stock Performance

Global X MSCI China Consumer Discretionary ETF stock traded down $0.12 during midday trading on Thursday, reaching $17.60. 166,544 shares of the company’s stock were exchanged, compared to its average volume of 56,379. Global X MSCI China Consumer Discretionary ETF has a 52 week low of $17.33 and a 52 week high of $24.67. The firm has a market cap of $131.47 million, a price-to-earnings ratio of 15.04 and a beta of 0.29. The stock’s 50-day simple moving average is $19.42 and its 200 day simple moving average is $20.50.

About Global X MSCI China Consumer Discretionary ETF

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.