Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Sees Significant Drop in Short Interest

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 10,717 shares, a drop of 85.5% from the July 15th total of 73,663 shares. Based on an average daily volume of 52,443 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Global X MSCI China Consumer Discretionary ETF Stock Performance

Shares of CHIQ traded up $0.03 during mid-day trading on Friday, hitting $17.59. 65,541 shares of the company were exchanged, compared to its average volume of 50,946. The company has a 50 day moving average of $17.38 and a 200-day moving average of $19.12. The stock has a market cap of $122.25 million, a price-to-earnings ratio of 15.04 and a beta of 0.30. Global X MSCI China Consumer Discretionary ETF has a 1-year low of $15.48 and a 1-year high of $24.67.

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

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 1st quarter valued at about $252,000. Flow Traders U.S. LLC purchased a new stake in Global X MSCI China Consumer Discretionary ETF in the second quarter valued at approximately $306,000. Finally, Fifth Third Securities Inc. acquired 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.