Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Trading Up 0.2% – What’s Next?

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) shares were up 0.2% on Thursday . The stock traded as high as $16.49 and last traded at $16.28. 56,886 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 53,792 shares. The stock had previously closed at $16.25.

Global X MSCI China Consumer Discretionary ETF Price Performance

The company has a market capitalization of $116.08 million, a P/E ratio of 15.04 and a beta of 0.31. The stock’s 50 day simple moving average is $18.24 and its two-hundred day simple moving average is $19.91.

Institutional Trading of Global X MSCI China Consumer Discretionary ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in Global X MSCI China Consumer Discretionary ETF during the 1st quarter worth $252,000. Flow Traders U.S. LLC bought a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the second quarter worth $306,000. Finally, Fifth Third Securities Inc. bought a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the fourth quarter worth $348,000.

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.