Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Trading Down 0.5% – Time to Sell?

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) shares traded down 0.5% during trading on Tuesday . The company traded as low as $23.25 and last traded at $23.25. 3,597 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 73,242 shares. The stock had previously closed at $23.36.

Global X MSCI China Consumer Discretionary ETF Trading Down 0.5%

The company has a market capitalization of $236.45 million, a P/E ratio of 15.04 and a beta of 0.37. The stock has a 50 day moving average price of $23.38 and a 200 day moving average price of $22.29.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CHIQ. Flow Traders U.S. LLC bought a new stake in shares of Global X MSCI China Consumer Discretionary ETF in the 2nd quarter valued at about $306,000. Goldman Sachs Group Inc. acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the first quarter worth $252,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the first quarter worth $28,000. National Bank of Canada FI raised its stake in Global X MSCI China Consumer Discretionary ETF by 2,508.3% during the first quarter. National Bank of Canada FI now owns 7,825 shares of the company’s stock worth $175,000 after buying an additional 7,525 shares during the last quarter. Finally, Glaxis Capital Management LLC acquired a new position in Global X MSCI China Consumer Discretionary ETF in the first quarter valued at $558,000.

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.