iShares Global Consumer Staples ETF (NYSEARCA:KXI) Shares Shorted: Short Interest Up 49.4% in September

iShares Global Consumer Staples ETF (NYSEARCA:KXI) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 129,906 shares, a growth of 49.4% from the August 31st total of 86,972 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 162,456 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Large investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of iShares Global Consumer Staples ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock valued at $6,637,000 after acquiring an additional 40,711 shares during the last quarter. Cetera Investment Advisers raised its position in shares of iShares Global Consumer Staples ETF by 7.7% in the first quarter. Cetera Investment Advisers now owns 7,877 shares of the company’s stock valued at $528,000 after purchasing an additional 564 shares during the period. Northstar Financial Companies Inc. lifted its stake in shares of iShares Global Consumer Staples ETF by 63.2% during the 1st quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock worth $1,570,000 after buying an additional 9,077 shares during the last quarter. Northland Securities Inc. boosted its holdings in shares of iShares Global Consumer Staples ETF by 4.3% during the 1st quarter. Northland Securities Inc. now owns 48,730 shares of the company’s stock worth $3,265,000 after buying an additional 1,994 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in shares of iShares Global Consumer Staples ETF during the 1st quarter worth about $1,173,000.

iShares Global Consumer Staples ETF Stock Performance

KXI traded down $0.50 during midday trading on Thursday, reaching $64.93. 118,355 shares of the company were exchanged, compared to its average volume of 89,502. The stock has a market capitalization of $1.10 billion, a P/E ratio of 23.27 and a beta of 0.47. The stock’s 50-day simple moving average is $68.29 and its 200 day simple moving average is $68.08. iShares Global Consumer Staples ETF has a one year low of $63.15 and a one year high of $73.65.

iShares Global Consumer Staples ETF Company Profile

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.