Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Short Interest Update

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 39,800 shares, an increase of 186.9% from the June 15th total of 13,873 shares. Based on an average trading volume of 30,264 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the shares of the stock are sold short.

Global X MSCI China Consumer Discretionary ETF Stock Down 1.3%

Shares of CHIQ traded down $0.23 during trading hours on Monday, reaching $16.99. 17,455 shares of the company traded hands, compared to its average volume of 52,911. The stock has a fifty day simple moving average of $17.95 and a 200 day simple moving average of $19.74. Global X MSCI China Consumer Discretionary ETF has a fifty-two week low of $15.48 and a fifty-two week high of $24.67. The stock has a market capitalization of $121.14 million, a PE ratio of 15.04 and a beta of 0.31.

Institutional Investors Weigh In On Global X MSCI China Consumer Discretionary ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CHIQ. Goldman Sachs Group Inc. acquired a new stake in Global X MSCI China Consumer Discretionary ETF during the first quarter worth approximately $252,000. Flow Traders U.S. LLC purchased a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 2nd quarter worth $306,000. Finally, Fifth Third Securities Inc. acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the fourth quarter worth $348,000.

About Global X MSCI China Consumer Discretionary ETF

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.