iShares Global Consumer Discretionary ETF (NYSEARCA:RXI – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 6,249 shares, a growth of 344.5% from the August 15th total of 1,406 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 22,331 shares, the days-to-cover ratio is currently 0.3 days.
iShares Global Consumer Discretionary ETF Trading Up 1.3%
RXI stock traded up $2.46 during mid-day trading on Friday, reaching $192.13. 3,853 shares of the stock traded hands, compared to its average volume of 10,784. iShares Global Consumer Discretionary ETF has a 52-week low of $180.68 and a 52-week high of $213.77. The company has a market cap of $259.38 million, a P/E ratio of 19.64 and a beta of 1.05. The stock’s fifty day moving average is $197.69 and its 200-day moving average is $196.30.
Institutional Investors Weigh In On iShares Global Consumer Discretionary ETF
An institutional investor recently raised its position in iShares Global Consumer Discretionary ETF stock. Bessemer Group Inc. grew its stake in shares of iShares Global Consumer Discretionary ETF (NYSEARCA:RXI – Free Report) by 110.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,525 shares of the company’s stock after acquiring an additional 3,942 shares during the period. Bessemer Group Inc. owned 0.56% of iShares Global Consumer Discretionary ETF worth $1,403,000 as of its most recent SEC filing.
About iShares Global Consumer Discretionary ETF
iShares Global Consumer Discretionary ETF (the Fund), formerly iShares S&P Global Consumer Discretionary Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global 1200 Consumer Discretionary Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the consumer discretionary sector of the economy and that S&P believes are important to global markets.
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