Short Interest in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Declines By 48.0%

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,318 shares, a decline of 48.0% from the May 14th total of 2,535 shares. Based on an average daily trading volume, of 4,561 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

iShares Global Consumer Discretionary ETF Stock Performance

Shares of NYSEARCA RXI traded up $1.89 during midday trading on Monday, hitting $199.06. 31,950 shares of the company traded hands, compared to its average volume of 9,454. iShares Global Consumer Discretionary ETF has a 12-month low of $180.68 and a 12-month high of $213.77. The stock has a 50-day moving average price of $197.39 and a 200 day moving average price of $200.90. The firm has a market cap of $268.73 million, a P/E ratio of 19.64 and a beta of 1.05.

Hedge Funds Weigh In On iShares Global Consumer Discretionary ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC purchased a new position in shares of iShares Global Consumer Discretionary ETF during the third quarter valued at about $4,061,000. Bessemer Group Inc. boosted its stake 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 acquiring an additional 3,942 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted 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 acquiring an additional 574 shares in 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.