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

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 5,130,000 shares, an increase of 41.7% from the January 31st total of 3,620,000 shares. Based on an average daily volume of 3,212,800 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of iShares MSCI China ETF

A number of hedge funds have recently bought and sold shares of the stock. Yoffe Investment Management LLC bought a new stake in iShares MSCI China ETF in the 4th quarter valued at $241,000. Castlekeep Investment Advisors LLC bought a new position in shares of iShares MSCI China ETF during the 4th quarter worth about $262,000. Fourth Dimension Wealth LLC bought a new position in shares of iShares MSCI China ETF during the 4th quarter worth about $67,000. AlphaQ Advisors LLC lifted its holdings in shares of iShares MSCI China ETF by 29.6% during the 4th quarter. AlphaQ Advisors LLC now owns 31,874 shares of the company’s stock worth $1,494,000 after acquiring an additional 7,289 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of iShares MSCI China ETF by 100.3% during the 4th quarter. Tidal Investments LLC now owns 8,773 shares of the company’s stock worth $411,000 after acquiring an additional 4,394 shares during the period.

iShares MSCI China ETF Stock Down 1.4 %

iShares MSCI China ETF stock traded down $0.77 during mid-day trading on Monday, reaching $52.81. The company had a trading volume of 2,051,959 shares, compared to its average volume of 3,649,654. iShares MSCI China ETF has a 52 week low of $38.40 and a 52 week high of $59.78. The company has a 50 day moving average of $48.96 and a 200-day moving average of $47.80. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 13.24 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. Shareholders of record on Tuesday, December 17th were issued a $0.8911 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

iShares MSCI China ETF Company Profile

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.