iShares Global Consumer Staples ETF (NYSEARCA:KXI) Short Interest Up 380.7% in June

iShares Global Consumer Staples ETF (NYSEARCA:KXI) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 216,997 shares, a growth of 380.7% from the June 15th total of 45,143 shares. Based on an average trading volume of 68,647 shares, the short-interest ratio is presently 3.2 days. Approximately 1.4% of the company’s stock are sold short.

iShares Global Consumer Staples ETF Stock Performance

Shares of KXI traded up $0.44 on Friday, reaching $68.11. The stock had a trading volume of 70,490 shares, compared to its average volume of 81,763. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48. The company has a 50-day simple moving average of $68.27 and a 200-day simple moving average of $68.19. iShares Global Consumer Staples ETF has a 12-month low of $63.15 and a 12-month high of $73.65.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in iShares Global Consumer Staples ETF during the fourth quarter valued at $27,000. Advisory Services Network LLC purchased a new stake in shares of iShares Global Consumer Staples ETF in the 3rd quarter worth about $32,000. Kestra Advisory Services LLC purchased a new stake in shares of iShares Global Consumer Staples ETF in the 4th quarter worth about $36,000. BOKF NA purchased a new stake in shares of iShares Global Consumer Staples ETF in the 3rd quarter worth about $37,000. Finally, Allworth Financial LP increased its stake in shares of iShares Global Consumer Staples ETF by 27.1% in the 3rd quarter. Allworth Financial LP now owns 1,202 shares of the company’s stock worth $77,000 after acquiring an additional 256 shares in the last quarter.

iShares Global Consumer Staples ETF Company Profile

iShares Global Consumer Staples ETF (the Fund), formerly The iShares S&P Global Consumer Staples Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the S&P Global 1200 Consumer Staples Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. Components primarily include consumer discretionary, consumer goods and consumer staples companies. The Index includes manufacturers and distributors of food, producers of non-durable household goods, and food and drug retailing companies.