Short Interest in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Increases By 75.9%

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 111,200 shares, an increase of 75.9% from the September 15th total of 63,200 shares. Based on an average daily trading volume, of 25,800 shares, the days-to-cover ratio is currently 4.3 days. Based on an average daily trading volume, of 25,800 shares, the days-to-cover ratio is currently 4.3 days.

iShares MSCI China Multisector Tech ETF Stock Up 0.5%

Shares of TCHI stock opened at $25.14 on Wednesday. The company has a market cap of $42.74 million, a price-to-earnings ratio of 17.30 and a beta of 0.33. iShares MSCI China Multisector Tech ETF has a 52 week low of $15.76 and a 52 week high of $27.50. The firm has a 50 day moving average of $24.61 and a 200-day moving average of $21.14.

Institutional Trading of iShares MSCI China Multisector Tech ETF

Several large investors have recently modified their holdings of TCHI. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares MSCI China Multisector Tech ETF during the 1st quarter worth approximately $4,137,000. Flow Traders U.S. LLC bought a new position in shares of iShares MSCI China Multisector Tech ETF in the 2nd quarter worth $1,281,000. Jane Street Group LLC bought a new position in shares of iShares MSCI China Multisector Tech ETF in the 2nd quarter worth $328,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of iShares MSCI China Multisector Tech ETF by 10,956.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock worth $35,000 after purchasing an additional 1,753 shares in the last quarter.

About iShares MSCI China Multisector Tech ETF

The iShares MSCI China Multisector Tech ETF (TCHI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries. TCHI was launched on Jan 25, 2022 and is managed by BlackRock.