iShares MSCI China ETF (NASDAQ:MCHI) Sees Large Drop in Short Interest

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 6,540,000 shares, a decrease of 25.7% from the February 28th total of 8,800,000 shares. Currently, 5.6% of the company’s stock are short sold. Based on an average daily volume of 3,400,000 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On iShares MSCI China ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC raised its holdings in shares of iShares MSCI China ETF by 18.9% in the fourth quarter. Sanctuary Advisors LLC now owns 8,712 shares of the company’s stock valued at $431,000 after purchasing an additional 1,382 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in iShares MSCI China ETF during the 4th quarter worth about $656,000. Steward Partners Investment Advisory LLC grew its stake in iShares MSCI China ETF by 18.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,327 shares of the company’s stock valued at $390,000 after purchasing an additional 1,310 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of iShares MSCI China ETF by 8,818.2% during the 4th quarter. Jones Financial Companies Lllp now owns 981 shares of the company’s stock worth $46,000 after purchasing an additional 970 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of iShares MSCI China ETF by 44.3% in the 4th quarter. Private Trust Co. NA now owns 1,766 shares of the company’s stock valued at $83,000 after buying an additional 542 shares during the last quarter.

iShares MSCI China ETF Price Performance

Shares of MCHI traded down $0.17 during midday trading on Monday, hitting $54.40. The stock had a trading volume of 2,348,456 shares, compared to its average volume of 3,672,391. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 13.16 and a beta of 0.49. The company has a 50 day simple moving average of $52.80 and a two-hundred day simple moving average of $49.74. iShares MSCI China ETF has a twelve month low of $38.83 and a twelve month high of $59.79.

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.