Short Interest in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Expands By 344.5%

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 6,249 shares, a growth of 344.5% from the August 15th total of 1,406 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 22,331 shares, the short-interest ratio is presently 0.3 days.

iShares Global Consumer Discretionary ETF Stock Performance

Shares of NYSEARCA RXI traded up $2.26 during midday trading on Friday, hitting $191.93. The company’s stock had a trading volume of 4,945 shares, compared to its average volume of 10,790. iShares Global Consumer Discretionary ETF has a 1-year low of $180.68 and a 1-year high of $213.77. The firm’s fifty day moving average price is $197.62 and its 200-day moving average price is $196.22. The firm has a market cap of $259.11 million, a P/E ratio of 19.64 and a beta of 1.05.

Hedge Funds Weigh In On iShares Global Consumer Discretionary ETF

A hedge fund recently raised its position in iShares Global Consumer Discretionary ETF stock. Bessemer Group Inc. grew its stake in shares of iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) by 110.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,525 shares of the company’s stock after purchasing an additional 3,942 shares during the quarter. Bessemer Group Inc. owned approximately 0.56% of iShares Global Consumer Discretionary ETF worth $1,403,000 as of its most recent SEC filing.

iShares Global Consumer Discretionary ETF Company Profile

iShares Global Consumer Discretionary ETF (the Fund), formerly iShares S&P Global Consumer Discretionary Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global 1200 Consumer Discretionary Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the consumer discretionary sector of the economy and that S&P believes are important to global markets.