Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Short Interest Update

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 39,800 shares, an increase of 186.9% from the June 15th total of 13,873 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 30,264 shares, the short-interest ratio is presently 1.3 days.

Global X MSCI China Consumer Discretionary ETF Stock Up 1.1%

Shares of NYSEARCA CHIQ traded up $0.18 during mid-day trading on Tuesday, hitting $17.17. 19,082 shares of the company were exchanged, compared to its average volume of 52,657. The stock has a 50 day simple moving average of $17.84 and a 200-day simple moving average of $19.67. Global X MSCI China Consumer Discretionary ETF has a 1-year low of $15.48 and a 1-year high of $24.67. The firm has a market cap of $122.42 million, a price-to-earnings ratio of 15.04 and a beta of 0.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Securities Inc. acquired a new stake in Global X MSCI China Consumer Discretionary ETF in the fourth quarter valued at about $348,000. Flow Traders U.S. LLC purchased a new position in shares of Global X MSCI China Consumer Discretionary ETF during the 2nd quarter worth approximately $306,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF in the 1st quarter valued at approximately $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.