Short Interest in Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Decreases By 16.9%
by Jessica Moore · The Cerbat GemGlobal X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ – Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 7,425 shares, a drop of 16.9% from the November 30th total of 8,932 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 29,028 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 29,028 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.
Global X MSCI China Consumer Discretionary ETF Stock Performance
NYSEARCA:CHIQ traded down $0.26 during trading hours on Thursday, hitting $21.26. 20,628 shares of the company’s stock traded hands, compared to its average volume of 67,008. The stock’s fifty day moving average price is $22.22 and its two-hundred day moving average price is $22.32. The firm has a market cap of $216.21 million, a P/E ratio of 15.04 and a beta of 0.37. Global X MSCI China Consumer Discretionary ETF has a twelve month low of $17.79 and a twelve month high of $24.67.
Institutional Trading of Global X MSCI China Consumer Discretionary ETF
A number of hedge funds have recently made changes to their positions in CHIQ. Edmond DE Rothschild Holding S.A. purchased a new position in Global X MSCI China Consumer Discretionary ETF during the first quarter valued at approximately $28,000. Goldman Sachs Group Inc. acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the 1st quarter valued at $252,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 2nd quarter valued at $306,000.
About Global X MSCI China Consumer Discretionary ETF
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.