iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Short Interest Down 77.5% in April
by Scott Moore · The Cerbat GemiShares Global Consumer Discretionary ETF (NYSEARCA:RXI – Get Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,048 shares, a drop of 77.5% from the April 15th total of 4,653 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 3,747 shares, the short-interest ratio is presently 0.3 days.
iShares Global Consumer Discretionary ETF Trading Up 1.1%
RXI traded up $2.14 during midday trading on Wednesday, hitting $199.43. 12,304 shares of the company traded hands, compared to its average volume of 9,474. The company has a market capitalization of $269.23 million, a price-to-earnings ratio of 19.64 and a beta of 1.06. iShares Global Consumer Discretionary ETF has a 52-week low of $180.68 and a 52-week high of $213.77. The business has a 50 day simple moving average of $193.94 and a two-hundred day simple moving average of $201.93.
Hedge Funds Weigh In On iShares Global Consumer Discretionary ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RXI. Flow Traders U.S. LLC purchased a new position in iShares Global Consumer Discretionary ETF during the third quarter valued at $4,061,000. Bessemer Group Inc. lifted its holdings in iShares Global Consumer Discretionary ETF by 110.0% during the first quarter. Bessemer Group Inc. now owns 7,525 shares of the company’s stock valued at $1,403,000 after purchasing an additional 3,942 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in iShares Global Consumer Discretionary ETF by 31.7% during the first quarter. Integrated Wealth Concepts LLC now owns 2,382 shares of the company’s stock valued at $423,000 after purchasing an additional 574 shares in the last quarter. Strengthening Families & Communities LLC purchased a new position in iShares Global Consumer Discretionary ETF during the third quarter valued at $118,000. Finally, Jones Financial Companies Lllp lifted its holdings in iShares Global Consumer Discretionary ETF by 14.3% during the third quarter. Jones Financial Companies Lllp now owns 3,311 shares of the company’s stock valued at $684,000 after purchasing an additional 414 shares in the last quarter.
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.