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 target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,561 shares, a decline of 51.8% from the September 30th total of 3,240 shares. Based on an average trading volume of 12,648 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

iShares Global Consumer Discretionary ETF Price Performance

NYSEARCA RXI traded down $0.44 during trading hours on Friday, reaching $191.28. The company’s stock had a trading volume of 12,621 shares, compared to its average volume of 16,876. The stock has a market cap of $239.10 million, a P/E 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. The firm has a fifty day simple moving average of $191.30 and a 200-day simple moving average of $196.54.

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. grew its holdings in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) by 110.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,525 shares of the company’s stock after purchasing an additional 3,942 shares during the period. Bessemer Group Inc. owned about 0.56% of iShares Global Consumer Discretionary ETF worth $1,403,000 as of its most recent SEC filing.

iShares Global Consumer Discretionary ETF Company Profile

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.