Short Interest in Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Increases By 186.9%

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 39,800 shares, a growth of 186.9% from the June 15th total of 13,873 shares. Based on an average daily trading volume, of 30,264 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Global X MSCI China Consumer Discretionary ETF

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new position in shares of Global X MSCI China Consumer Discretionary ETF in the first quarter worth about $252,000. Flow Traders U.S. LLC bought a new stake in Global X MSCI China Consumer Discretionary ETF during the 2nd quarter valued at approximately $306,000. Finally, Fifth Third Securities Inc. bought a new stake in Global X MSCI China Consumer Discretionary ETF during the 4th quarter valued at approximately $348,000.

Global X MSCI China Consumer Discretionary ETF Price Performance

Shares of NYSEARCA CHIQ traded up $0.49 during trading hours on Wednesday, hitting $17.66. 4,002 shares of the stock were exchanged, compared to its average volume of 52,271. Global X MSCI China Consumer Discretionary ETF has a one year low of $15.48 and a one year high of $24.67. The company’s 50 day moving average is $17.84 and its 200 day moving average is $19.67. The firm has a market capitalization of $125.92 million, a P/E ratio of 15.04 and a beta of 0.31.

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.