Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Trading 1.5% Higher – What’s Next?

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ)’s share price was up 1.5% during mid-day trading on Wednesday . The stock traded as high as $21.53 and last traded at $21.43. Approximately 11,809 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 76,393 shares. The stock had previously closed at $21.11.

Global X MSCI China Consumer Discretionary ETF Stock Performance

The company’s fifty day moving average is $21.76 and its two-hundred day moving average is $22.37. The firm has a market cap of $199.94 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 hedge fund recently bought a new stake in Global X MSCI China Consumer Discretionary ETF stock. Goldman Sachs Group Inc. purchased a new position in Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,307 shares of the company’s stock, valued at approximately $252,000. Goldman Sachs Group Inc. owned approximately 0.10% of Global X MSCI China Consumer Discretionary ETF as of its most recent filing with the Securities & Exchange Commission.

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.