Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Short Interest Up 85.1% in July

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 73,663 shares, a growth of 85.1% from the June 30th total of 39,800 shares. Based on an average trading volume of 35,065 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.0% of the shares of the company are sold short.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Securities Inc. acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the 4th quarter worth about $348,000. Flow Traders U.S. LLC bought a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the 2nd quarter worth about $306,000. Finally, Goldman Sachs Group Inc. acquired a new position in Global X MSCI China Consumer Discretionary ETF in the 1st quarter valued at about $252,000.

Global X MSCI China Consumer Discretionary ETF Stock Performance

CHIQ traded up $0.28 during trading hours on Friday, reaching $18.72. The company’s stock had a trading volume of 23,346 shares, compared to its average volume of 52,562. Global X MSCI China Consumer Discretionary ETF has a 52 week low of $15.48 and a 52 week high of $24.67. The company’s 50-day moving average is $17.40 and its 200-day moving average is $19.35. The firm has a market cap of $133.47 million, a PE ratio of 15.04 and a beta of 0.31.

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.