iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Sees Large Growth in Short Interest

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,535 shares, a growth of 141.9% from the April 30th total of 1,048 shares. Based on an average trading volume of 11,069 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

iShares Global Consumer Discretionary ETF Price Performance

NYSEARCA:RXI traded down $0.92 during trading hours on Friday, hitting $201.86. The company had a trading volume of 2,628 shares, compared to its average volume of 9,163. The stock has a 50-day moving average price of $194.96 and a 200 day moving average price of $201.28. The company has a market capitalization of $272.51 million, a PE ratio of 19.64 and a beta of 1.06. 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strengthening Families & Communities LLC purchased a new stake in iShares Global Consumer Discretionary ETF in the third quarter worth about $118,000. Integrated Wealth Concepts LLC grew its holdings in shares of iShares Global Consumer Discretionary ETF by 31.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,382 shares of the company’s stock worth $423,000 after acquiring an additional 574 shares during the period. Jones Financial Companies Lllp raised its position in shares of iShares Global Consumer Discretionary ETF by 14.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,311 shares of the company’s stock worth $684,000 after acquiring an additional 414 shares in the last quarter. Bessemer Group Inc. raised its position in shares of iShares Global Consumer Discretionary ETF by 110.0% in the 1st 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, Flow Traders U.S. LLC purchased a new position in shares of iShares Global Consumer Discretionary ETF in the 3rd quarter valued at approximately $4,061,000.

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.