iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Large Growth in Short Interest

iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 310,822 shares, a growth of 99.9% from the July 30th total of 155,509 shares. Based on an average trading volume of 110,709 shares, the short-interest ratio is presently 2.8 days. Currently, 2.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KXI. Rockefeller Capital Management L.P. grew its stake in shares of iShares Global Consumer Staples ETF by 3.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,786 shares of the company’s stock valued at $309,000 after buying an additional 149 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its position in iShares Global Consumer Staples ETF by 1.2% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 16,214 shares of the company’s stock worth $1,048,000 after acquiring an additional 189 shares in the last quarter. Truist Financial Corp raised its position in iShares Global Consumer Staples ETF by 0.9% during the fourth quarter. Truist Financial Corp now owns 37,178 shares of the company’s stock worth $2,404,000 after acquiring an additional 346 shares in the last quarter. Advisory Services Network LLC acquired a new stake in iShares Global Consumer Staples ETF in the third quarter valued at $32,000. Finally, Kestra Advisory Services LLC acquired a new stake in iShares Global Consumer Staples ETF in the fourth quarter valued at $36,000.

iShares Global Consumer Staples ETF Stock Performance

NYSEARCA KXI traded down $0.22 on Monday, reaching $68.46. The company had a trading volume of 25,884 shares, compared to its average volume of 85,388. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48. iShares Global Consumer Staples ETF has a 1-year low of $63.15 and a 1-year high of $73.65. The company’s fifty day moving average is $68.73 and its 200-day moving average is $68.77.

About iShares Global Consumer Staples ETF

iShares Global Consumer Staples ETF (the Fund), formerly The iShares S&P Global Consumer Staples Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the S&P Global 1200 Consumer Staples Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. Components primarily include consumer discretionary, consumer goods and consumer staples companies. The Index includes manufacturers and distributors of food, producers of non-durable household goods, and food and drug retailing companies.