Global X China Consumer ETF (NYSEARCA:CHIQ) Trading Up 3% – Time to Buy?

Global X China Consumer ETF (NYSEARCA:CHIQ) shares were up 3% during trading on Monday . The stock traded as high as $24.07 and last traded at $24.06. Approximately 178,305 shares changed hands during trading, an increase of 133% from the average daily volume of 76,426 shares. The stock had previously closed at $23.37.

Global X China Consumer ETF Stock Performance

The firm has a fifty day moving average price of $20.83 and a 200 day moving average price of $20.12. The stock has a market cap of $260.09 million, a PE ratio of 18.79 and a beta of 0.52.

Hedge Funds Weigh In On Global X China Consumer ETF

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Global X China Consumer ETF in the 4th quarter valued at $1,100,000. Wells Fargo & Company MN grew its position in Global X China Consumer ETF by 43.5% during the 4th quarter. Wells Fargo & Company MN now owns 35,687 shares of the company’s stock worth $677,000 after purchasing an additional 10,821 shares during the period. Sanctuary Advisors LLC acquired a new stake in Global X China Consumer ETF during the 3rd quarter worth about $764,000. Finally, PNC Financial Services Group Inc. acquired a new stake in Global X China Consumer ETF during the 4th quarter worth about $43,000.

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.