Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Sees Significant Decline in Short Interest

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 7,425 shares, a drop of 16.9% from the November 30th total of 8,932 shares. Based on an average daily volume of 29,028 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 29,028 shares, the short-interest ratio is presently 0.3 days.

Global X MSCI China Consumer Discretionary ETF Stock Performance

Shares of CHIQ traded down $0.27 during trading hours on Wednesday, hitting $21.26. The stock had a trading volume of 17,201 shares, compared to its average volume of 66,993. The firm has a 50-day moving average price of $22.26 and a 200 day moving average price of $22.33. Global X MSCI China Consumer Discretionary ETF has a fifty-two week low of $17.79 and a fifty-two week high of $24.67. The firm has a market capitalization of $216.16 million, a price-to-earnings ratio of 15.04 and a beta of 0.37.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. acquired a new stake in Global X MSCI China Consumer Discretionary ETF in the 1st quarter worth about $28,000. Goldman Sachs Group Inc. purchased a new position in shares of Global X MSCI China Consumer Discretionary ETF in the first quarter valued at approximately $252,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF in the second quarter worth approximately $306,000.

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.