Short Interest in iShares Global Consumer Staples ETF (NYSEARCA:KXI) Expands By 380.7%
by Michael Walen · The Markets DailyiShares Global Consumer Staples ETF (NYSEARCA:KXI – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 216,997 shares, an increase of 380.7% from the June 15th total of 45,143 shares. Based on an average trading volume of 68,647 shares, the short-interest ratio is presently 3.2 days. Approximately 1.4% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of KXI. Bank of America Corp DE grew its stake 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 buying an additional 40,711 shares in the last quarter. Cetera Investment Advisers lifted its position in iShares Global Consumer Staples ETF by 7.7% during the 1st quarter. Cetera Investment Advisers now owns 7,877 shares of the company’s stock worth $528,000 after acquiring an additional 564 shares in the last quarter. Northstar Financial Companies Inc. lifted its position in 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 acquiring an additional 9,077 shares in the last quarter. Northland Securities Inc. lifted its position in 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 acquiring an additional 1,994 shares in the last quarter. Finally, Y.D. More Investments Ltd purchased a new position in iShares Global Consumer Staples ETF in the 1st quarter worth approximately $1,173,000.
iShares Global Consumer Staples ETF Stock Performance
iShares Global Consumer Staples ETF stock traded up $0.09 during trading on Monday, reaching $68.20. 45,329 shares of the company’s stock were exchanged, compared to its average volume of 81,486. The company’s 50-day moving average is $68.26 and its two-hundred day moving average is $68.24. iShares Global Consumer Staples ETF has a 52-week low of $63.15 and a 52-week high of $73.65. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48.
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.