Short Interest in iShares Global Consumer Staples ETF (NYSEARCA:KXI) Grows By 380.7%

iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 216,997 shares, a growth of 380.7% from the June 15th total of 45,143 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 68,647 shares, the days-to-cover ratio is currently 3.2 days.

iShares Global Consumer Staples ETF Price Performance

NYSEARCA:KXI traded up $0.44 during mid-day trading on Friday, reaching $68.11. 70,490 shares of the company’s stock traded hands, compared to its average volume of 81,763. iShares Global Consumer Staples ETF has a 12-month low of $63.15 and a 12-month high of $73.65. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48. The company has a 50 day moving average price of $68.27 and a 200-day moving average price of $68.19.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares Global Consumer Staples ETF in the 4th quarter worth about $27,000. Advisory Services Network LLC purchased a new position in shares of iShares Global Consumer Staples ETF during the third quarter valued at about $32,000. Kestra Advisory Services LLC purchased a new position in shares of iShares Global Consumer Staples ETF during the fourth quarter valued at about $36,000. BOKF NA bought a new position in iShares Global Consumer Staples ETF in the third quarter worth about $37,000. Finally, Allworth Financial LP raised its stake in iShares Global Consumer Staples ETF by 27.1% in the third quarter. Allworth Financial LP now owns 1,202 shares of the company’s stock worth $77,000 after buying an additional 256 shares in the last quarter.

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.