Short Interest in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Declines By 53.3%

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,745 shares, a drop of 53.3% from the December 31st total of 8,020 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 16,698 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 16,698 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

iShares Global Consumer Discretionary ETF Price Performance

Shares of iShares Global Consumer Discretionary ETF stock opened at $209.14 on Thursday. The firm has a fifty day moving average price of $207.04 and a two-hundred day moving average price of $202.87. iShares Global Consumer Discretionary ETF has a fifty-two week low of $155.32 and a fifty-two week high of $213.77. The company has a market cap of $282.34 million, a PE ratio of 19.64 and a beta of 1.07.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Flow Traders U.S. LLC acquired a new stake in shares of iShares Global Consumer Discretionary ETF in the 3rd quarter valued at $4,061,000. Jones Financial Companies Lllp raised its stake in shares of iShares Global Consumer Discretionary ETF by 14.3% during the third quarter. Jones Financial Companies Lllp now owns 3,311 shares of the company’s stock worth $684,000 after buying an additional 414 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in iShares Global Consumer Discretionary ETF by 31.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,382 shares of the company’s stock worth $423,000 after acquiring an additional 574 shares during the period. Finally, Strengthening Families & Communities LLC bought a new stake in shares of iShares Global Consumer Discretionary ETF during the 3rd quarter valued at $118,000.

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.