Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Stock Price Up 0.2% – Time to Buy?

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ)’s share price traded up 0.2% on Thursday . The stock traded as high as $16.49 and last traded at $16.28. Approximately 56,886 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 53,792 shares. The stock had previously closed at $16.25.

Global X MSCI China Consumer Discretionary ETF Price Performance

The company’s 50-day moving average price is $18.32 and its 200-day moving average price is $19.94. The company has a market cap of $116.08 million, a P/E ratio of 15.04 and a beta of 0.31.

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

A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in shares of Global X MSCI China Consumer Discretionary ETF in the first quarter valued at about $252,000. Flow Traders U.S. LLC acquired a new stake in Global X MSCI China Consumer Discretionary ETF in the 2nd quarter valued at approximately $306,000. Finally, Fifth Third Securities Inc. acquired a new stake in Global X MSCI China Consumer Discretionary ETF in the 4th quarter valued at approximately $348,000.

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.