iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Short Interest Up 393.2% in March

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 58,200 shares, a growth of 393.2% from the February 28th total of 11,800 shares. Approximately 14.6% of the shares of the stock are sold short. Based on an average daily volume of 29,900 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On iShares MSCI China Multisector Tech ETF

An institutional investor recently bought a new position in iShares MSCI China Multisector Tech ETF stock. OLD Mission Capital LLC bought a new stake in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 18,743 shares of the company’s stock, valued at approximately $338,000. OLD Mission Capital LLC owned about 4.69% of iShares MSCI China Multisector Tech ETF at the end of the most recent reporting period.

iShares MSCI China Multisector Tech ETF Stock Down 0.9 %

Shares of iShares MSCI China Multisector Tech ETF stock opened at $20.27 on Friday. iShares MSCI China Multisector Tech ETF has a 12-month low of $14.63 and a 12-month high of $22.58. The firm’s 50-day moving average price is $20.27 and its two-hundred day moving average price is $18.85. The company has a market capitalization of $8.11 million, a price-to-earnings ratio of 19.79 and a beta of 0.33.

About iShares MSCI China Multisector Tech ETF

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.