iShares Global Consumer Staples ETF (NYSEARCA:KXI) Stock Short Interest Jumps 49.4%

iShares Global Consumer Staples ETF (NYSEARCA:KXI) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 129,906 shares, an increase of 49.4% from the August 31st total of 86,972 shares. Based on an average trading volume of 162,456 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.8% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of iShares Global Consumer Staples ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock worth $6,637,000 after acquiring an additional 40,711 shares during the last quarter. Northland Securities Inc. grew its position in shares of iShares Global Consumer Staples ETF by 4.3% in the 1st quarter. Northland Securities Inc. now owns 48,730 shares of the company’s stock valued at $3,265,000 after buying an additional 1,994 shares during the last quarter. Northstar Financial Companies Inc. raised its position in shares of iShares Global Consumer Staples ETF by 63.2% during the first quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock worth $1,570,000 after acquiring an additional 9,077 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of iShares Global Consumer Staples ETF in the first quarter worth approximately $1,173,000. Finally, Calton & Associates Inc. boosted its holdings in iShares Global Consumer Staples ETF by 14.0% in the fourth quarter. Calton & Associates Inc. now owns 11,787 shares of the company’s stock valued at $762,000 after acquiring an additional 1,446 shares during the last quarter.

iShares Global Consumer Staples ETF Stock Performance

Shares of KXI stock traded down $0.50 during trading on Thursday, hitting $64.93. The company had a trading volume of 118,355 shares, compared to its average volume of 89,502. The firm has a market capitalization of $1.10 billion, a P/E ratio of 23.27 and a beta of 0.47. The stock’s 50-day moving average price is $68.29 and its 200 day moving average price is $68.08. iShares Global Consumer Staples ETF has a one year low of $63.15 and a one year high of $73.65.

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.