Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Shares Up 2.3% – Time to Buy?

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ)’s share price shot up 2.3% during trading on Monday . The stock traded as high as $20.02 and last traded at $19.98. 131,636 shares were traded during mid-day trading, an increase of 144% from the average session volume of 53,963 shares. The stock had previously closed at $19.53.

Global X MSCI China Consumer Discretionary ETF Trading Up 2.3%

The firm’s fifty day moving average price is $21.14 and its two-hundred day moving average price is $22.21. The stock has a market capitalization of $180.22 million, a PE ratio of 15.04 and a beta of 0.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the 1st quarter worth about $252,000. Flow Traders U.S. LLC acquired a new position in Global X MSCI China Consumer Discretionary ETF in the 2nd quarter worth about $306,000. Finally, Fifth Third Securities Inc. purchased a new position in Global X MSCI China Consumer Discretionary ETF during the fourth quarter worth approximately $348,000.

About Global X MSCI China Consumer Discretionary 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. Global X Management Company, LLC serves as the investment adviser to the Fund.