Short Interest in Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Declines By 73.3%

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 20,153 shares, a drop of 73.3% from the May 14th total of 75,390 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 69,997 shares, the short-interest ratio is presently 0.3 days.

Global X MSCI China Consumer Discretionary ETF Trading Up 1.3%

CHIQ traded up $0.23 during midday trading on Friday, hitting $17.83. 15,405 shares of the company were exchanged, compared to its average volume of 56,013. The company’s 50 day simple moving average is $19.38 and its 200 day simple moving average is $20.48. The firm has a market capitalization of $133.19 million, a price-to-earnings ratio of 15.04 and a beta of 0.29. Global X MSCI China Consumer Discretionary ETF has a 1-year low of $17.33 and a 1-year high of $24.67.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Securities Inc. acquired a new stake in Global X MSCI China Consumer Discretionary ETF during the 4th quarter worth about $348,000. Flow Traders U.S. LLC acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the 2nd quarter valued at about $306,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Global X MSCI China Consumer Discretionary ETF in the 1st quarter valued at about $252,000.

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.