iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Large Increase in Short Interest

iShares Global Consumer Staples ETF (NYSEARCA:KXI) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 310,822 shares, an increase of 99.9% from the July 30th total of 155,509 shares. Based on an average trading volume of 110,709 shares, the short-interest ratio is currently 2.8 days. Currently, 2.0% of the shares of the company are sold short.

iShares Global Consumer Staples ETF Stock Up 0.3%

Shares of NYSEARCA:KXI opened at $68.68 on Friday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48. The business has a 50-day moving average price of $68.73 and a 200-day moving average price of $68.79. iShares Global Consumer Staples ETF has a 52-week low of $63.15 and a 52-week high of $73.65.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KXI. Advisory Services Network LLC acquired a new position in iShares Global Consumer Staples ETF in the 3rd quarter worth about $32,000. Kestra Advisory Services LLC purchased a new position in shares of iShares Global Consumer Staples ETF in the fourth quarter valued at approximately $36,000. BOKF NA acquired a new stake in iShares Global Consumer Staples ETF during the 3rd quarter worth $37,000. Triumph Capital Management acquired a new stake in iShares Global Consumer Staples ETF in the 3rd quarter valued at about $102,000. Finally, Fifth Third Bancorp increased its holdings in shares of iShares Global Consumer Staples ETF by 73.0% in the first quarter. Fifth Third Bancorp now owns 2,187 shares of the company’s stock valued at $147,000 after purchasing an additional 923 shares during the last quarter.

About iShares Global Consumer Staples ETF

iShares Global Consumer Staples ETF (the Fund), formerly The iShares S&P Global Consumer Staples Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the S&P Global 1200 Consumer Staples Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. Components primarily include consumer discretionary, consumer goods and consumer staples companies. The Index includes manufacturers and distributors of food, producers of non-durable household goods, and food and drug retailing companies.