Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ) Short Interest Down 73.3% in May

Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQGet Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 20,153 shares, a decrease of 73.3% from the May 14th total of 75,390 shares. Based on an average daily volume of 69,997 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Global X MSCI China Consumer Discretionary ETF Price Performance

Shares of NYSEARCA:CHIQ traded up $0.23 during trading on Friday, hitting $17.83. 15,405 shares of the company were exchanged, compared to its average volume of 56,013. The company has a market cap of $133.19 million, a PE ratio of 15.04 and a beta of 0.29. The stock has a 50 day moving average of $19.38 and a 200 day moving average of $20.48. Global X MSCI China Consumer Discretionary ETF has a 52-week low of $17.33 and a 52-week high of $24.67.

Institutional Investors Weigh In On Global X MSCI China Consumer Discretionary ETF

Several institutional investors have recently made changes to their positions in CHIQ. Fifth Third Securities Inc. purchased a new position in shares of Global X MSCI China Consumer Discretionary ETF during the fourth quarter worth approximately $348,000. Flow Traders U.S. LLC purchased a new position in shares of Global X MSCI China Consumer Discretionary ETF in the second quarter worth about $306,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Global X MSCI China Consumer Discretionary ETF in the first quarter worth $252,000.

Global X MSCI China Consumer Discretionary ETF Company Profile

(Get Free Report)

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.

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