iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Stock Short Interest Falls 51.8%

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,561 shares, a decline of 51.8% from the September 30th total of 3,240 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 12,648 shares, the short-interest ratio is presently 0.1 days.

iShares Global Consumer Discretionary ETF Trading Down 0.2%

RXI traded down $0.44 during trading on Friday, reaching $191.28. 12,621 shares of the company were exchanged, compared to its average volume of 16,876. The firm has a 50 day moving average of $191.30 and a 200 day moving average of $196.54. The stock has a market cap of $239.10 million, a P/E ratio of 19.64 and a beta of 1.07. iShares Global Consumer Discretionary ETF has a 52 week low of $180.68 and a 52 week high of $213.77.

Hedge Funds Weigh In On iShares Global Consumer Discretionary ETF

An institutional investor recently raised its position in iShares Global Consumer Discretionary ETF stock. Bessemer Group Inc. increased its position in shares of iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) by 110.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,525 shares of the company’s stock after purchasing an additional 3,942 shares during the period. Bessemer Group Inc. owned 0.56% of iShares Global Consumer Discretionary ETF worth $1,403,000 at the end of the most recent quarter.

iShares Global Consumer Discretionary ETF Company Profile

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.