iShares MSCI China ETF (NASDAQ:MCHI) Sees Significant Growth in Short Interest

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 8,800,000 shares, a growth of 71.5% from the February 13th total of 5,130,000 shares. Based on an average daily volume of 3,407,300 shares, the short-interest ratio is currently 2.6 days. Approximately 8.2% of the company’s stock are short sold.

iShares MSCI China ETF Stock Up 2.9 %

NASDAQ:MCHI traded up $1.60 during trading hours on Friday, reaching $57.37. 2,964,506 shares of the stock were exchanged, compared to its average volume of 3,559,170. The firm has a 50 day simple moving average of $50.53 and a 200-day simple moving average of $48.61. iShares MSCI China ETF has a 52 week low of $38.83 and a 52 week high of $59.78. The stock has a market capitalization of $6.15 billion, a P/E ratio of 13.52 and a beta of 0.49.

iShares MSCI China ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $0.8911 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of iShares MSCI China ETF

Several large investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc bought a new stake in shares of iShares MSCI China ETF during the 3rd quarter worth $253,000. Penserra Capital Management LLC boosted its position in iShares MSCI China ETF by 4.3% during the third quarter. Penserra Capital Management LLC now owns 356,253 shares of the company’s stock valued at $18,136,000 after purchasing an additional 14,546 shares during the last quarter. D.A. Davidson & CO. raised its holdings in iShares MSCI China ETF by 127.6% during the third quarter. D.A. Davidson & CO. now owns 66,475 shares of the company’s stock valued at $3,384,000 after buying an additional 37,264 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in iShares MSCI China ETF by 8.5% during the third quarter. BNP Paribas Financial Markets now owns 154,736 shares of the company’s stock valued at $7,878,000 after buying an additional 12,109 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in iShares MSCI China ETF during the third quarter valued at about $14,982,000.

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.