Short Interest in iShares MSCI China ETF (NASDAQ:MCHI) Drops By 28.8%

iShares MSCI China ETF (NASDAQ:MCHI) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 5,620,000 shares, a drop of 28.8% from the August 15th total of 7,890,000 shares. Based on an average trading volume of 2,559,200 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Trading of iShares MSCI China ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. acquired a new stake in shares of iShares MSCI China ETF in the 1st quarter valued at approximately $45,000. Global Retirement Partners LLC boosted its position in iShares MSCI China ETF by 28.2% in the first quarter. Global Retirement Partners LLC now owns 1,916 shares of the company’s stock valued at $76,000 after buying an additional 421 shares in the last quarter. Financial Advocates Investment Management acquired a new position in shares of iShares MSCI China ETF during the fourth quarter worth $98,000. New Republic Capital LLC bought a new position in shares of iShares MSCI China ETF in the 1st quarter valued at $124,000. Finally, 1832 Asset Management L.P. boosted its holdings in shares of iShares MSCI China ETF by 26.0% during the 1st quarter. 1832 Asset Management L.P. now owns 4,551 shares of the company’s stock valued at $181,000 after acquiring an additional 940 shares in the last quarter.

iShares MSCI China ETF Price Performance

MCHI traded up $0.13 during trading on Friday, hitting $40.90. 1,735,932 shares of the stock traded hands, compared to its average volume of 3,423,180. The business has a 50 day moving average price of $41.73 and a 200 day moving average price of $42.05. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. iShares MSCI China ETF has a twelve month low of $35.58 and a twelve month high of $47.69.

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.