iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Update

iShares MSCI China ETF (NASDAQ:MCHI) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 5,424,442 shares, an increase of 51.7% from the December 15th total of 3,575,915 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average trading volume of 2,091,677 shares, the days-to-cover ratio is currently 2.6 days. Based on an average trading volume of 2,091,677 shares, the days-to-cover ratio is currently 2.6 days. Currently, 4.2% of the shares of the stock are sold short.

iShares MSCI China ETF Price Performance

Shares of MCHI traded down $1.07 during trading hours on Friday, hitting $62.52. The stock had a trading volume of 2,265,718 shares, compared to its average volume of 2,995,510. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. The company’s fifty day moving average is $61.97 and its two-hundred day moving average is $61.47. iShares MSCI China ETF has a 52 week low of $44.71 and a 52 week high of $67.37.

iShares MSCI China ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.735 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 246.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in iShares MSCI China ETF by 522.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,717 shares of the company’s stock valued at $204,314,000 after purchasing an additional 2,604,585 shares in the last quarter. Meitav Investment House Ltd. grew its holdings in shares of iShares MSCI China ETF by 0.4% during the second quarter. Meitav Investment House Ltd. now owns 2,601,233 shares of the company’s stock worth $143,385,000 after purchasing an additional 9,972 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of iShares MSCI China ETF by 855.9% during the third quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock worth $97,439,000 after purchasing an additional 1,324,910 shares during the last quarter. Nipun Capital L.P. increased its stake in shares of iShares MSCI China ETF by 4.1% in the second quarter. Nipun Capital L.P. now owns 747,200 shares of the company’s stock valued at $41,171,000 after buying an additional 29,300 shares in the last quarter. Finally, Prudential PLC raised its holdings in shares of iShares MSCI China ETF by 44.3% in the third quarter. Prudential PLC now owns 727,200 shares of the company’s stock valued at $47,886,000 after buying an additional 223,340 shares during the last quarter.

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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.