iShares Global Consumer Staples ETF (NYSEARCA:KXI) Short Interest Down 72.0% in August

iShares Global Consumer Staples ETF (NYSEARCA:KXI) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 86,972 shares, a decline of 72.0% from the August 15th total of 310,822 shares. Based on an average daily volume of 75,172 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.6% of the shares of the stock are short sold.

iShares Global Consumer Staples ETF Price Performance

Shares of KXI stock traded up $0.97 during trading hours on Monday, hitting $68.29. 49,765 shares of the company’s stock were exchanged, compared to its average volume of 84,959. The stock’s 50-day moving average is $68.71 and its 200-day moving average is $68.42. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48. 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its position in iShares Global Consumer Staples ETF by 15.2% in the 4th quarter. Fisher Asset Management LLC now owns 6,032,649 shares of the company’s stock valued at $390,011,000 after acquiring an additional 793,864 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares Global Consumer Staples ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock worth $6,637,000 after acquiring an additional 40,711 shares during the last quarter. Northland Securities Inc. lifted its position in shares of iShares Global Consumer Staples ETF by 4.3% during the first quarter. Northland Securities Inc. now owns 48,730 shares of the company’s stock worth $3,265,000 after purchasing an additional 1,994 shares in the last quarter. Northstar Financial Companies Inc. lifted its position in shares of iShares Global Consumer Staples ETF by 63.2% during the first quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock worth $1,570,000 after purchasing an additional 9,077 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in shares of iShares Global Consumer Staples ETF during the first quarter valued at approximately $1,173,000.

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.