Global X China Consumer ETF (NYSEARCA:CHIQ) Shares Down 1.7%

Global X China Consumer ETF (NYSEARCA:CHIQ)’s share price dropped 1.7% during trading on Tuesday . The stock traded as low as $18.93 and last traded at $19.00. Approximately 55,798 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 63,189 shares. The stock had previously closed at $19.33.

Global X China Consumer ETF Price Performance

The stock has a market capitalization of $256.12 million, a P/E ratio of 24.41 and a beta of 1.18. The firm has a 50-day simple moving average of $17.44 and a 200 day simple moving average of $17.19.

Hedge Funds Weigh In On Global X China Consumer ETF

Large investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise raised its position in Global X China Consumer ETF by 96.7% in the third quarter. Banque Cantonale Vaudoise now owns 3,000 shares of the company’s stock valued at $55,000 after purchasing an additional 1,475 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Global X China Consumer ETF by 4.2% in the third quarter. Stratos Wealth Partners LTD. now owns 34,984 shares of the company’s stock valued at $644,000 after purchasing an additional 1,406 shares during the last quarter. Finally, Columbus Macro LLC bought a new position in Global X China Consumer ETF in the first quarter valued at about $967,000.

About Global X China Consumer 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.