iShares MSCI China ETF (NASDAQ:MCHI) Sees Large Decrease in Short Interest

iShares MSCI China ETF (NASDAQ:MCHI) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,810,000 shares, a drop of 72.3% from the March 15th total of 6,540,000 shares. Based on an average trading volume of 3,977,900 shares, the short-interest ratio is presently 0.5 days. Currently, 1.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in iShares MSCI China ETF by 8,818.2% in the fourth quarter. Jones Financial Companies Lllp now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 970 shares in the last quarter. Avior Wealth Management LLC boosted its stake in iShares MSCI China ETF by 114.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock worth $50,000 after purchasing an additional 571 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in iShares MSCI China ETF during the 4th quarter worth approximately $67,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in iShares MSCI China ETF during the 4th quarter valued at approximately $68,000. Finally, Private Trust Co. NA increased its stake in iShares MSCI China ETF by 44.3% during the 4th quarter. Private Trust Co. NA now owns 1,766 shares of the company’s stock valued at $83,000 after purchasing an additional 542 shares in the last quarter.

iShares MSCI China ETF Price Performance

NASDAQ MCHI traded down $0.17 on Tuesday, hitting $50.39. The stock had a trading volume of 588,922 shares, compared to its average volume of 3,935,125. The business’s fifty day moving average price is $53.34 and its 200 day moving average price is $50.22. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 11.66 and a beta of 0.49. iShares MSCI China ETF has a 52-week low of $38.83 and a 52-week high of $59.78.

About iShares MSCI China ETF

iShares MSCI China ETF, formerly iShares MSCI China Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the MSCI China Index (the Underlying Index). The Fund is designed to measure the performance of the top 85% of equity securities by market capitalization in the Chinese equity markets.