Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Shares Down 1.7% – Here’s What Happened

Shares of Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) were down 1.7% during trading on Friday . The company traded as low as $17.92 and last traded at $17.99. Approximately 15,534 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 55,892 shares. The stock had previously closed at $18.31.

Global X MSCI China Consumer Discretionary ETF Price Performance

The stock has a market capitalization of $134.39 million, a price-to-earnings ratio of 15.04 and a beta of 0.29. The stock has a 50-day moving average of $19.56 and a 200 day moving average of $20.63.

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

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 1st quarter worth about $252,000. Flow Traders U.S. LLC acquired a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 2nd quarter worth about $306,000. Finally, Fifth Third Securities Inc. acquired a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 4th quarter worth about $348,000.

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. Global X Management Company, LLC serves as the investment adviser to the Fund.