iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Short Interest Up 141.9% in May

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,535 shares, a growth of 141.9% from the April 30th total of 1,048 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,069 shares, the days-to-cover ratio is presently 0.2 days.

iShares Global Consumer Discretionary ETF Price Performance

NYSEARCA:RXI traded down $3.23 during trading hours on Monday, reaching $198.63. 24,136 shares of the company were exchanged, compared to its average volume of 9,308. The company has a market capitalization of $268.15 million, a P/E ratio of 19.64 and a beta of 1.06. iShares Global Consumer Discretionary ETF has a 1-year low of $180.68 and a 1-year high of $213.77. The business has a 50 day moving average of $195.18 and a 200 day moving average of $201.18.

Institutional Investors Weigh In On iShares Global Consumer Discretionary ETF

A number of large investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its position in iShares Global Consumer Discretionary ETF by 110.0% during the first quarter. Bessemer Group Inc. now owns 7,525 shares of the company’s stock worth $1,403,000 after buying an additional 3,942 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in iShares Global Consumer Discretionary ETF during the third quarter worth approximately $4,061,000. Strengthening Families & Communities LLC acquired a new stake in iShares Global Consumer Discretionary ETF during the third quarter worth approximately $118,000. Jones Financial Companies Lllp lifted its stake in iShares Global Consumer Discretionary ETF by 14.3% during the third quarter. Jones Financial Companies Lllp now owns 3,311 shares of the company’s stock worth $684,000 after purchasing an additional 414 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in iShares Global Consumer Discretionary ETF by 31.7% during the first quarter. Integrated Wealth Concepts LLC now owns 2,382 shares of the company’s stock worth $423,000 after purchasing an additional 574 shares during the last quarter.

About iShares Global Consumer Discretionary ETF

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.