Global X China Consumer ETF (NYSEARCA:CHIQ) Trading 2.9% Higher – Still a Buy?

Global X China Consumer ETF (NYSEARCA:CHIQ)’s share price traded up 2.9% on Tuesday . The company traded as high as $18.58 and last traded at $18.40. 31,999 shares were traded during mid-day trading, a decline of 48% from the average session volume of 61,537 shares. The stock had previously closed at $17.88.

Global X China Consumer ETF Trading Up 0.1 %

The firm has a market capitalization of $249.51 million, a P/E ratio of 24.41 and a beta of 1.18. The company’s fifty day moving average is $19.52 and its 200-day moving average is $18.63.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X China Consumer ETF stock. Sanctuary Advisors LLC purchased a new stake in Global X China Consumer ETF (NYSEARCA:CHIQ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,554 shares of the company’s stock, valued at approximately $764,000. Sanctuary Advisors LLC owned 0.26% of Global X China Consumer ETF at the end of the most recent reporting period.

Global X China Consumer ETF Company Profile

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.