Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Short Interest Down 85.5% in July

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 10,717 shares, a decrease of 85.5% from the July 15th total of 73,663 shares. Based on an average daily trading volume, of 52,443 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X MSCI China Consumer Discretionary ETF

Large investors have recently modified their holdings of the business. Flow Traders U.S. LLC acquired a new position in shares of Global X MSCI China Consumer Discretionary ETF during the second quarter worth $306,000. Goldman Sachs Group Inc. acquired a new stake in Global X MSCI China Consumer Discretionary ETF in the first quarter valued at $252,000. Finally, Fifth Third Securities Inc. acquired a new stake in Global X MSCI China Consumer Discretionary ETF in the fourth quarter valued at $348,000.

Global X MSCI China Consumer Discretionary ETF Price Performance

NYSEARCA CHIQ traded down $0.43 during trading hours on Thursday, reaching $17.56. The company’s stock had a trading volume of 62,972 shares, compared to its average volume of 50,923. The firm has a fifty day simple moving average of $17.38 and a 200-day simple moving average of $19.12. The stock has a market cap of $122.04 million, a P/E ratio of 15.04 and a beta of 0.30. Global X MSCI China Consumer Discretionary ETF has a 52 week low of $15.48 and a 52 week high of $24.67.

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.