Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Trading 2.3% Higher – What’s Next?

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) shares were up 2.3% during trading on Monday . The company traded as high as $20.02 and last traded at $19.98. Approximately 131,636 shares changed hands during trading, an increase of 144% from the average daily volume of 53,963 shares. The stock had previously closed at $19.53.

Global X MSCI China Consumer Discretionary ETF Stock Down 0.2%

The firm has a market capitalization of $180.04 million, a P/E ratio of 15.04 and a beta of 0.37. The business’s 50 day moving average is $21.11 and its two-hundred day moving average is $22.19.

Institutional Trading of Global X MSCI China Consumer Discretionary ETF

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in shares of Global X MSCI China Consumer Discretionary ETF in the first quarter valued at approximately $252,000. Flow Traders U.S. LLC acquired a new stake in Global X MSCI China Consumer Discretionary ETF in the second quarter worth approximately $306,000. Finally, Fifth Third Securities Inc. acquired a new stake in Global X MSCI China Consumer Discretionary ETF in the fourth quarter worth approximately $348,000.

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.