Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Sees Large Decrease in Short Interest

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 42,643 shares, a drop of 39.9% from the March 15th total of 70,898 shares. Based on an average daily volume of 146,363 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the company’s shares are sold short.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in shares of Global X MSCI China Consumer Discretionary ETF in the 1st quarter worth about $252,000. Flow Traders U.S. LLC purchased a new position in Global X MSCI China Consumer Discretionary ETF during the 2nd quarter valued at about $306,000. Finally, Fifth Third Securities Inc. purchased a new position in Global X MSCI China Consumer Discretionary ETF during the 4th quarter valued at about $348,000.

Global X MSCI China Consumer Discretionary ETF Stock Performance

NYSEARCA:CHIQ opened at $20.27 on Monday. The company has a 50-day moving average price of $20.32 and a 200-day moving average price of $21.64. Global X MSCI China Consumer Discretionary ETF has a 12 month low of $19.11 and a 12 month high of $24.67. The stock has a market cap of $154.46 million, a price-to-earnings ratio of 15.04 and a beta of 0.35.

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.