Short Interest in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Declines By 69.4%

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 1,464 shares, a drop of 69.4% from the January 29th total of 4,781 shares. Based on an average daily trading volume, of 13,173 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,173 shares, the days-to-cover ratio is currently 0.1 days.

iShares Global Consumer Discretionary ETF Price Performance

Shares of RXI stock traded down $0.19 during mid-day trading on Thursday, hitting $205.95. The company had a trading volume of 2,504 shares, compared to its average volume of 13,793. The stock’s 50 day moving average price is $207.43 and its 200-day moving average price is $204.96. iShares Global Consumer Discretionary ETF has a 52-week low of $155.32 and a 52-week high of $213.77. The company has a market capitalization of $278.03 million, a P/E ratio of 19.64 and a beta of 1.07.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RXI. Strengthening Families & Communities LLC bought a new position in iShares Global Consumer Discretionary ETF during the third quarter valued at approximately $118,000. Integrated Wealth Concepts LLC raised its holdings in shares of iShares Global Consumer Discretionary ETF by 31.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,382 shares of the company’s stock worth $423,000 after acquiring an additional 574 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of iShares Global Consumer Discretionary ETF by 14.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,311 shares of the company’s stock valued at $684,000 after acquiring an additional 414 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares Global Consumer Discretionary ETF during the 3rd quarter valued at approximately $4,061,000.

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.