iShares Global Consumer Staples ETF (NYSEARCA:KXI) Short Interest Up 380.7% in June

iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 216,997 shares, an increase of 380.7% from the June 15th total of 45,143 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 68,647 shares, the days-to-cover ratio is presently 3.2 days.

iShares Global Consumer Staples ETF Stock Performance

Shares of NYSEARCA:KXI opened at $68.20 on Tuesday. The stock has a 50-day simple moving average of $68.26 and a 200-day simple moving average of $68.24. The stock has a market capitalization of $1.04 billion, a P/E ratio of 23.27 and a beta of 0.48. iShares Global Consumer Staples ETF has a 1 year low of $63.15 and a 1 year high of $73.65.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in iShares Global Consumer Staples ETF in the 4th quarter valued at $2,491,000. Fisher Asset Management LLC lifted its stake in shares of iShares Global Consumer Staples ETF by 15.2% during the fourth quarter. Fisher Asset Management LLC now owns 6,032,649 shares of the company’s stock worth $390,011,000 after purchasing an additional 793,864 shares in the last quarter. Northland Securities Inc. acquired a new position in shares of iShares Global Consumer Staples ETF during the fourth quarter worth about $3,022,000. M3 Wealth Management LLC purchased a new stake in shares of iShares Global Consumer Staples ETF in the fourth quarter worth about $910,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of iShares Global Consumer Staples ETF in the first quarter valued at about $1,173,000.

iShares Global Consumer Staples ETF Company Profile

iShares Global Consumer Staples ETF (the Fund), formerly The iShares S&P Global Consumer Staples Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the S&P Global 1200 Consumer Staples Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. Components primarily include consumer discretionary, consumer goods and consumer staples companies. The Index includes manufacturers and distributors of food, producers of non-durable household goods, and food and drug retailing companies.