Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Short Interest Up 85.1% in July

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 73,663 shares, a growth of 85.1% from the June 30th total of 39,800 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 35,065 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On Global X MSCI China Consumer Discretionary ETF

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

Global X MSCI China Consumer Discretionary ETF Stock Up 0.4%

Global X MSCI China Consumer Discretionary ETF stock traded up $0.08 during midday trading on Thursday, hitting $18.44. 2,367 shares of the stock were exchanged, compared to its average volume of 52,711. The stock has a market capitalization of $131.48 million, a price-to-earnings ratio of 15.04 and a beta of 0.31. Global X MSCI China Consumer Discretionary ETF has a 52-week low of $15.48 and a 52-week high of $24.67. The business’s 50-day moving average price is $17.41 and its 200-day moving average price is $19.37.

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.