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

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 70,898 shares, an increase of 354.7% from the February 26th total of 15,592 shares. Based on an average trading volume of 57,589 shares, the short-interest ratio is presently 1.2 days. Currently, 0.8% of the shares of the company are short sold. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 57,589 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 1st quarter valued at approximately $252,000. Flow Traders U.S. LLC purchased a new position in Global X MSCI China Consumer Discretionary ETF during the second quarter valued at approximately $306,000. Finally, Fifth Third Securities Inc. purchased a new position in Global X MSCI China Consumer Discretionary ETF during the fourth quarter valued at approximately $348,000.

Global X MSCI China Consumer Discretionary ETF Stock Performance

Shares of Global X MSCI China Consumer Discretionary ETF stock opened at $19.72 on Wednesday. Global X MSCI China Consumer Discretionary ETF has a one year low of $17.87 and a one year high of $24.67. The stock’s fifty day moving average is $20.74 and its 200 day moving average is $21.98. The stock has a market cap of $177.87 million, a P/E ratio of 15.04 and a beta of 0.37.

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.