Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Shares Down 1.7% – Here’s What Happened

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) shares were down 1.7% during mid-day trading on Friday . The stock traded as low as $17.92 and last traded at $17.99. Approximately 15,534 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 55,892 shares. The stock had previously closed at $18.31.

Global X MSCI China Consumer Discretionary ETF Trading Down 1.7%

The company has a market capitalization of $134.39 million, a P/E ratio of 15.04 and a beta of 0.29. The firm’s 50 day moving average price is $19.56 and its two-hundred day moving average price is $20.63.

Hedge Funds Weigh In On Global X MSCI China Consumer Discretionary ETF

Several hedge funds have recently made changes to their positions in the business. Fifth Third Securities Inc. bought a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 4th quarter worth approximately $348,000. Flow Traders U.S. LLC bought a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the 2nd quarter worth approximately $306,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the 1st quarter worth approximately $252,000.

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.