Global X China Consumer ETF (NYSEARCA:CHIQ) Trading Down 0.3% – Time to Sell?

Global X China Consumer ETF (NYSEARCA:CHIQ) shares traded down 0.3% on Monday . The company traded as low as $19.50 and last traded at $19.68. 62,634 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 81,409 shares. The stock had previously closed at $19.74.

Global X China Consumer ETF Stock Performance

The company has a market cap of $223.96 million, a PE ratio of 17.99 and a beta of 0.46. The company’s 50 day moving average price is $21.59 and its 200-day moving average price is $20.60.

Institutional Trading of Global X China Consumer ETF

Several hedge funds have recently made changes to their positions in CHIQ. PNC Financial Services Group Inc. purchased a new stake in Global X China Consumer ETF in the 4th quarter worth about $43,000. Sanctuary Advisors LLC purchased a new position in shares of Global X China Consumer ETF in the third quarter worth about $764,000. Jane Street Group LLC bought a new stake in shares of Global X China Consumer ETF in the fourth quarter valued at approximately $1,100,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Global X China Consumer ETF by 43.5% during the 4th quarter. Wells Fargo & Company MN now owns 35,687 shares of the company’s stock valued at $677,000 after buying an additional 10,821 shares in the last quarter.

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.