iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Sees Large Increase in Short Interest

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 5,277 shares, a growth of 260.5% from the February 12th total of 1,464 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 18,252 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 18,252 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

iShares Global Consumer Discretionary ETF Stock Performance

Shares of RXI stock traded down $0.45 during midday trading on Wednesday, reaching $195.18. 982 shares of the company were exchanged, compared to its average volume of 12,414. The company’s 50 day moving average price is $205.89 and its two-hundred day moving average price is $205.24. The company has a market cap of $263.49 million, a P/E ratio of 19.64 and a beta of 1.07. iShares Global Consumer Discretionary ETF has a 12 month low of $155.32 and a 12 month high of $213.77.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RXI. Integrated Wealth Concepts LLC boosted its position 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 valued at $423,000 after purchasing an additional 574 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of iShares Global Consumer Discretionary ETF during the 3rd quarter valued at $4,061,000. Jones Financial Companies Lllp boosted its stake 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 worth $684,000 after acquiring an additional 414 shares in the last quarter. Finally, Strengthening Families & Communities LLC acquired a new position in shares of iShares Global Consumer Discretionary ETF in the 3rd quarter worth $118,000.

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.