iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Update

iShares MSCI China ETF (NASDAQ:MCHI) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 2,260,000 shares, a decline of 34.1% from the December 31st total of 3,430,000 shares. Based on an average daily trading volume, of 3,964,800 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of iShares MSCI China ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MCHI. The Manufacturers Life Insurance Company raised its holdings in shares of iShares MSCI China ETF by 69.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 308,775 shares of the company’s stock worth $13,021,000 after purchasing an additional 126,823 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares MSCI China ETF in the 2nd quarter worth approximately $2,947,000. Cetera Investment Advisers increased its position in shares of iShares MSCI China ETF by 0.4% in the second quarter. Cetera Investment Advisers now owns 71,420 shares of the company’s stock worth $3,012,000 after acquiring an additional 307 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of iShares MSCI China ETF in the second quarter worth approximately $3,450,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of iShares MSCI China ETF in the second quarter worth approximately $422,000.

iShares MSCI China ETF Trading Up 1.4 %

MCHI stock opened at $48.40 on Wednesday. iShares MSCI China ETF has a 52 week low of $35.90 and a 52 week high of $59.78. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. The firm’s 50-day moving average is $46.88 and its two-hundred day moving average is $46.03.

iShares MSCI China ETF Announces Dividend

The firm also recently announced 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.

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.