Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Short Interest Update

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 13,933 shares, an increase of 79.6% from the January 15th total of 7,757 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 45,737 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 45,737 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

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

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

Global X MSCI China Consumer Discretionary ETF Stock Performance

NYSEARCA CHIQ traded down $0.06 during mid-day trading on Friday, reaching $20.96. 49,115 shares of the stock were exchanged, compared to its average volume of 58,684. The company has a market capitalization of $189.06 million, a P/E ratio of 15.04 and a beta of 0.37. The business’s 50 day moving average is $21.51 and its 200-day moving average is $22.33. Global X MSCI China Consumer Discretionary ETF has a 1 year low of $17.87 and a 1 year high of $24.67.

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.