iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Short Interest Down 78.7% in March

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,900 shares, a drop of 78.7% from the February 29th total of 13,600 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TCHI. UBS Group AG increased its stake in iShares MSCI China Multisector Tech ETF by 132.0% in the second quarter. UBS Group AG now owns 1,522 shares of the company’s stock valued at $33,000 after acquiring an additional 866 shares during the last quarter. Brookstone Capital Management bought a new stake in shares of iShares MSCI China Multisector Tech ETF during the fourth quarter worth $189,000. Jane Street Group LLC bought a new stake in shares of iShares MSCI China Multisector Tech ETF during the first quarter worth $355,000. Finally, BlackRock Inc. bought a new stake in shares of iShares MSCI China Multisector Tech ETF during the first quarter worth $6,091,000.

iShares MSCI China Multisector Tech ETF Price Performance

iShares MSCI China Multisector Tech ETF stock traded up $0.19 during trading hours on Thursday, hitting $16.20. The company had a trading volume of 212 shares, compared to its average volume of 6,403. The firm has a market cap of $6.48 million, a PE ratio of 13.76 and a beta of 0.33. iShares MSCI China Multisector Tech ETF has a one year low of $14.00 and a one year high of $20.05. The firm has a 50-day moving average of $15.60 and a 200 day moving average of $16.48.

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.