Short Interest in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Declines By 77.5%

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 1,048 shares, a decrease of 77.5% from the April 15th total of 4,653 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,747 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On iShares Global Consumer Discretionary ETF

Several hedge funds have recently added to or reduced their stakes in RXI. Strengthening Families & Communities LLC bought a new position in iShares Global Consumer Discretionary ETF during the 3rd quarter valued at about $118,000. Integrated Wealth Concepts LLC grew its holdings in iShares Global Consumer Discretionary ETF by 31.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,382 shares of the company’s stock valued at $423,000 after purchasing an additional 574 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in iShares Global Consumer Discretionary ETF by 14.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,311 shares of the company’s stock valued at $684,000 after purchasing an additional 414 shares during the last quarter. Bessemer Group Inc. grew its holdings in iShares Global Consumer Discretionary ETF by 110.0% during the 1st quarter. Bessemer Group Inc. now owns 7,525 shares of the company’s stock valued at $1,403,000 after purchasing an additional 3,942 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in iShares Global Consumer Discretionary ETF during the 3rd quarter valued at about $4,061,000.

iShares Global Consumer Discretionary ETF Stock Down 0.3%

NYSEARCA:RXI traded down $0.69 during mid-day trading on Thursday, hitting $198.74. 3,082 shares of the stock traded hands, compared to its average volume of 9,404. The stock has a market capitalization of $268.30 million, a price-to-earnings ratio of 19.64 and a beta of 1.06. iShares Global Consumer Discretionary ETF has a 52 week low of $180.68 and a 52 week high of $213.77. The firm’s 50 day moving average is $193.97 and its two-hundred day moving average is $201.86.

iShares Global Consumer Discretionary ETF Company Profile

iShares Global Consumer Discretionary ETF (the Fund), formerly iShares S&P Global Consumer Discretionary Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global 1200 Consumer Discretionary Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the consumer discretionary sector of the economy and that S&P believes are important to global markets.