Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Short Interest Up 170.2% in April

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 39,483 shares, an increase of 170.2% from the April 15th total of 14,611 shares. Based on an average daily trading volume, of 22,819 shares, the short-interest ratio is currently 1.7 days. Approximately 0.5% of the company’s stock are sold short.

Global X MSCI China Consumer Discretionary ETF Price Performance

Global X MSCI China Consumer Discretionary ETF stock opened at $19.78 on Friday. Global X MSCI China Consumer Discretionary ETF has a 1-year low of $19.11 and a 1-year high of $24.67. The stock has a market cap of $147.76 million, a PE ratio of 15.04 and a beta of 0.33. The stock’s fifty day moving average is $19.96 and its two-hundred day moving average is $21.11.

Institutional Trading of Global X MSCI China Consumer Discretionary ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Securities Inc. acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the fourth quarter worth about $348,000. Flow Traders U.S. LLC acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the second quarter worth about $306,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Global X MSCI China Consumer Discretionary ETF during the first quarter worth about $252,000.

About Global X MSCI China Consumer Discretionary ETF

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.