Global X China Consumer ETF (NYSEARCA:CHIQ) Trading Down 2.4% – What’s Next?

Global X China Consumer ETF (NYSEARCA:CHIQ) shares traded down 2.4% during trading on Friday . The stock traded as low as $19.08 and last traded at $19.14. 52,058 shares changed hands during trading, a decline of 29% from the average session volume of 72,998 shares. The stock had previously closed at $19.61.

Global X China Consumer ETF Stock Performance

The firm has a market cap of $257.87 million, a P/E ratio of 24.41 and a beta of 1.18. The firm’s fifty day simple moving average is $20.48 and its 200 day simple moving average is $18.34.

Hedge Funds Weigh In On Global X China Consumer ETF

A hedge fund recently bought a new stake in Global X China Consumer ETF stock. Cetera Advisors LLC acquired a new stake in shares of Global X China Consumer ETF (NYSEARCA:CHIQ) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,560 shares of the company’s stock, valued at approximately $232,000. Cetera Advisors LLC owned about 0.10% of Global X China Consumer ETF as of its most recent SEC filing.

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.