Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Shares Down 1% – Should You Sell?

Shares of Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) traded down 1% during trading on Tuesday . The company traded as low as $21.61 and last traded at $21.69. 16,031 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 68,110 shares. The stock had previously closed at $21.90.

Global X MSCI China Consumer Discretionary ETF Trading Down 1.0%

The stock’s 50-day moving average is $22.40 and its 200-day moving average is $22.33. The firm has a market capitalization of $220.59 million, a price-to-earnings ratio of 15.04 and a beta of 0.37.

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

A number of institutional investors have recently modified their holdings of CHIQ. Flow Traders U.S. LLC acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the second quarter worth $306,000. Goldman Sachs Group Inc. bought a new stake in Global X MSCI China Consumer Discretionary ETF during the first quarter valued at $252,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Global X MSCI China Consumer Discretionary ETF during the 1st quarter worth about $28,000.

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.