iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Up 71.5% in February

iShares MSCI China ETF (NASDAQ:MCHI) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 8,800,000 shares, an increase of 71.5% from the February 13th total of 5,130,000 shares. Currently, 8.2% of the shares of the stock are sold short. Based on an average trading volume of 3,407,300 shares, the days-to-cover ratio is currently 2.6 days.

iShares MSCI China ETF Stock Up 2.9 %

NASDAQ MCHI opened at $57.37 on Monday. The stock has a market cap of $6.15 billion, a P/E ratio of 13.52 and a beta of 0.49. The company’s 50-day simple moving average is $50.53 and its 200 day simple moving average is $48.67. iShares MSCI China ETF has a twelve month low of $38.83 and a twelve month high of $59.78.

Institutional Trading of iShares MSCI China ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCHI. Safe Harbor Fiduciary LLC bought a new stake in iShares MSCI China ETF in the third quarter valued at about $27,000. Jones Financial Companies Lllp increased its stake 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 valued at $46,000 after acquiring an additional 970 shares during the period. Avior Wealth Management LLC grew its stake in iShares MSCI China ETF by 114.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock worth $50,000 after buying an additional 571 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in iShares MSCI China ETF during the fourth quarter worth about $67,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in iShares MSCI China ETF during the fourth quarter worth about $68,000.

iShares MSCI China ETF Company Profile

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.