Global X China Materials ETF (NYSEARCA:CHIM) Shares Down 0.2%

Shares of Global X China Materials ETF (NYSEARCA:CHIM – Get Rating) dropped 0.2% during trading on Wednesday . The stock traded as low as $19.30 and last traded at $19.36. Approximately 6,064 shares traded hands during trading, an increase of 28% from the average daily volume of 4,726 shares. The stock had previously closed at $19.41.

Global X China Materials ETF Stock Performance

The firm’s fifty day moving average is $18.86 and its 200 day moving average is $18.16.

Institutional Trading of Global X China Materials ETF

Several hedge funds and other institutional investors have recently modified their holdings of CHIM. Jane Street Group LLC acquired a new stake in Global X China Materials ETF in the 1st quarter worth about $1,168,000. IHT Wealth Management LLC raised its stake in Global X China Materials ETF by 16.2% in the 3rd quarter. IHT Wealth Management LLC now owns 16,373 shares of the company’s stock worth $265,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Global X China Materials ETF in the 1st quarter worth about $233,000.

Global X China Materials ETF Company Profile

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Global X China Materials ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S-BOX China Materials 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 Materials sector of the Chinese economy, as defined by Structured Solutions AG.