iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Shares Shorted: Short Interest Up 177.6% in September

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,240 shares, an increase of 177.6% from the September 15th total of 1,167 shares. Based on an average daily trading volume, of 19,385 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

iShares Global Consumer Discretionary ETF Price Performance

NYSEARCA:RXI traded up $0.81 during mid-day trading on Tuesday, reaching $189.05. The stock had a trading volume of 8,568 shares, compared to its average volume of 13,565. iShares Global Consumer Discretionary ETF has a fifty-two week low of $180.68 and a fifty-two week high of $213.77. The business’s 50 day moving average is $194.17 and its 200 day moving average is $195.07. The stock has a market cap of $302.48 million, a P/E ratio of 19.64 and a beta of 1.07.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares Global Consumer Discretionary ETF stock. Bessemer Group Inc. raised its holdings in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) by 110.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,525 shares of the company’s stock after buying an additional 3,942 shares during the quarter. Bessemer Group Inc. owned 0.56% of iShares Global Consumer Discretionary ETF worth $1,403,000 as of its most recent SEC filing.

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.