Short Interest in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Declines By 48.0%

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 1,318 shares, a decline of 48.0% from the May 14th total of 2,535 shares. Based on an average daily volume of 4,561 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

iShares Global Consumer Discretionary ETF Price Performance

Shares of RXI traded up $0.17 during midday trading on Friday, reaching $197.17. 9,186 shares of the stock were exchanged, compared to its average volume of 9,253. The business’s 50-day moving average price is $197.14 and its 200 day moving average price is $200.92. iShares Global Consumer Discretionary ETF has a twelve month low of $180.68 and a twelve month high of $213.77. The company has a market capitalization of $266.18 million, a price-to-earnings ratio of 19.64 and a beta of 1.05.

Hedge Funds Weigh In On iShares Global Consumer Discretionary ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC purchased a new position in shares of iShares Global Consumer Discretionary ETF during the third quarter worth about $4,061,000. Bessemer Group Inc. grew its holdings in shares of iShares Global Consumer Discretionary ETF by 110.0% during the first quarter. Bessemer Group Inc. now owns 7,525 shares of the company’s stock worth $1,403,000 after buying an additional 3,942 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of iShares Global Consumer Discretionary ETF by 31.7% during the first quarter. Integrated Wealth Concepts LLC now owns 2,382 shares of the company’s stock worth $423,000 after buying an additional 574 shares during the last 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.