iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Short Interest Down 48.0% in May

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,318 shares, a drop of 48.0% from the May 14th total of 2,535 shares. Based on an average daily trading volume, of 4,561 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares Global Consumer Discretionary ETF

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in shares of iShares Global Consumer Discretionary ETF by 31.7% in the first 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 last quarter. Bessemer Group Inc. boosted its stake in iShares Global Consumer Discretionary ETF by 110.0% during the 1st quarter. Bessemer Group Inc. now owns 7,525 shares of the company’s stock worth $1,403,000 after purchasing an additional 3,942 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares Global Consumer Discretionary ETF during the third quarter worth $4,061,000.

iShares Global Consumer Discretionary ETF Stock Performance

Shares of NYSEARCA RXI opened at $199.06 on Tuesday. The firm has a market cap of $268.73 million, a PE ratio of 19.64 and a beta of 1.05. The firm has a fifty day moving average of $197.39 and a 200 day moving average of $200.90. iShares Global Consumer Discretionary ETF has a one year low of $180.68 and a one year high of $213.77.

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.