Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Sees Large Growth in Short Interest

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 70,898 shares, an increase of 354.7% from the February 26th total of 15,592 shares. Based on an average daily volume of 57,589 shares, the short-interest ratio is currently 1.2 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 57,589 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Global X MSCI China Consumer Discretionary ETF

A number of institutional investors have recently added to or reduced their stakes in CHIQ. Goldman Sachs Group Inc. purchased a new position in Global X MSCI China Consumer Discretionary ETF in the first quarter valued at about $252,000. Flow Traders U.S. LLC purchased a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the second quarter valued at about $306,000. Finally, Fifth Third Securities Inc. purchased a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the fourth quarter valued at about $348,000.

Global X MSCI China Consumer Discretionary ETF Stock Up 0.5%

Shares of NYSEARCA:CHIQ opened at $19.72 on Wednesday. The company has a market capitalization of $177.87 million, a price-to-earnings ratio of 15.04 and a beta of 0.37. The firm has a 50 day moving average of $20.74 and a 200 day moving average of $21.98. Global X MSCI China Consumer Discretionary ETF has a 52 week low of $17.87 and a 52 week high of $24.67.

Global X MSCI China Consumer Discretionary ETF Company Profile

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.