iShares Global Consumer Staples ETF (NYSEARCA:KXI) Short Interest Down 72.0% in August

iShares Global Consumer Staples ETF (NYSEARCA:KXI) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 86,972 shares, a decrease of 72.0% from the August 15th total of 310,822 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 75,172 shares, the days-to-cover ratio is currently 1.2 days.

iShares Global Consumer Staples ETF Stock Up 0.4%

KXI stock traded up $0.26 during mid-day trading on Friday, reaching $67.32. 57,635 shares of the stock traded hands, compared to its average volume of 85,162. The business has a 50-day moving average of $68.71 and a two-hundred day moving average of $68.48. The firm has a market capitalization of $1.04 billion, a PE ratio of 23.27 and a beta of 0.48. iShares Global Consumer Staples ETF has a 52 week low of $63.15 and a 52 week high of $73.65.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in KXI. Fisher Asset Management LLC boosted its stake in shares of iShares Global Consumer Staples ETF by 15.2% in the 4th quarter. Fisher Asset Management LLC now owns 6,032,649 shares of the company’s stock valued at $390,011,000 after purchasing an additional 793,864 shares in the last quarter. Northstar Financial Companies Inc. raised its holdings in shares of iShares Global Consumer Staples ETF by 63.2% in the first quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock valued at $1,570,000 after buying an additional 9,077 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of iShares Global Consumer Staples ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock valued at $6,637,000 after buying an additional 40,711 shares during the last quarter. M3 Wealth Management LLC acquired a new position in shares of iShares Global Consumer Staples ETF during the fourth quarter worth approximately $910,000. Finally, Y.D. More Investments Ltd acquired a new position in iShares Global Consumer Staples ETF during the 1st quarter worth $1,173,000.

iShares Global Consumer Staples ETF Company Profile

iShares Global Consumer Staples ETF (the Fund), formerly The iShares S&P Global Consumer Staples Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the S&P Global 1200 Consumer Staples Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. Components primarily include consumer discretionary, consumer goods and consumer staples companies. The Index includes manufacturers and distributors of food, producers of non-durable household goods, and food and drug retailing companies.