Global X China Consumer ETF (NYSEARCA:CHIQ) Shares Up 2.7% – Here’s What Happened

Shares of Global X China Consumer ETF (NYSEARCA:CHIQ) were up 2.7% on Tuesday . The company traded as high as $21.24 and last traded at $21.06. Approximately 151,628 shares traded hands during trading, an increase of 108% from the average daily volume of 72,962 shares. The stock had previously closed at $20.51.

Global X China Consumer ETF Price Performance

The firm’s 50 day simple moving average is $18.50 and its 200-day simple moving average is $17.92. The company has a market cap of $283.89 million, a price-to-earnings ratio of 24.41 and a beta of 1.18.

Institutional Investors Weigh In On Global X China Consumer ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Advisors LLC purchased a new position in shares of Global X China Consumer ETF during the 1st quarter worth $232,000. Columbus Macro LLC bought a new position in Global X China Consumer ETF during the first quarter worth $967,000. Finally, OLD Mission Capital LLC lifted its stake in Global X China Consumer ETF by 23.5% in the first quarter. OLD Mission Capital LLC now owns 741,013 shares of the company’s stock valued at $12,657,000 after buying an additional 140,874 shares during the last quarter.

About Global X China Consumer 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.