iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI – Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 37,500 shares, a decline of 35.6% from the March 15th total of 58,200 shares. Based on an average daily volume of 41,000 shares, the short-interest ratio is presently 0.9 days. Approximately 3.1% of the company’s shares are short sold.
iShares MSCI China Multisector Tech ETF Stock Performance
Shares of TCHI traded up $0.02 during mid-day trading on Friday, reaching $17.37. The company had a trading volume of 2,275 shares, compared to its average volume of 15,295. iShares MSCI China Multisector Tech ETF has a 52 week low of $14.63 and a 52 week high of $22.58. The company has a market capitalization of $20.84 million, a price-to-earnings ratio of 16.05 and a beta of 0.46. The firm has a 50-day moving average price of $20.00 and a 200 day moving average price of $19.08.
Institutional Trading of iShares MSCI China Multisector Tech ETF
An institutional investor recently bought a new position in iShares MSCI China Multisector Tech ETF stock. OLD Mission Capital LLC purchased a new position in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,743 shares of the company’s stock, valued at approximately $338,000. OLD Mission Capital LLC owned approximately 4.69% of iShares MSCI China Multisector Tech ETF as of its most recent SEC filing.
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.
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