iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Sees Significant Decline in Short Interest

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 69,881 shares, a decrease of 55.1% from the June 15th total of 155,664 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average trading volume of 17,826 shares, the days-to-cover ratio is currently 3.9 days.

iShares MSCI China Multisector Tech ETF Stock Performance

TCHI stock traded up $0.46 on Tuesday, reaching $24.80. The company’s stock had a trading volume of 1,270 shares, compared to its average volume of 20,913. The firm has a market cap of $47.12 million, a PE ratio of 17.30 and a beta of 0.62. The business has a fifty day simple moving average of $25.18 and a two-hundred day simple moving average of $24.04. iShares MSCI China Multisector Tech ETF has a 12-month low of $20.38 and a 12-month high of $27.50.

iShares MSCI China Multisector Tech ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $0.0789 dividend. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI China Multisector Tech ETF

A number of large investors have recently modified their holdings of TCHI. OLD Mission Capital LLC purchased a new position in shares of iShares MSCI China Multisector Tech ETF during the fourth quarter valued at about $1,027,000. Cibc World Market Inc. purchased a new stake in iShares MSCI China Multisector Tech ETF in the fourth quarter worth about $704,000. Jane Street Group LLC purchased a new stake in iShares MSCI China Multisector Tech ETF in the second quarter worth about $328,000. PNC Financial Services Group Inc. boosted its position in iShares MSCI China Multisector Tech ETF by 95.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,700 shares of the company’s stock valued at $273,000 after acquiring an additional 6,200 shares in the last quarter. Finally, GWN Securities Inc. bought a new stake in iShares MSCI China Multisector Tech ETF during the 4th quarter valued at approximately $278,000.

iShares MSCI China Multisector Tech ETF Company Profile

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.