iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Stock Price Cross Below 200-Day Moving Average – Time to Sell?

iShares MSCI Hong Kong ETF (NYSEARCA:EWH)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.72 and traded as low as $16.04. iShares MSCI Hong Kong ETF shares last traded at $16.10, with a volume of 2,563,868 shares.

iShares MSCI Hong Kong ETF Stock Down 1.7 %

The firm’s 50 day simple moving average is $17.16 and its two-hundred day simple moving average is $16.72.

Hedge Funds Weigh In On iShares MSCI Hong Kong ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pekin Hardy Strauss Inc. increased its position in iShares MSCI Hong Kong ETF by 15.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 43,815 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 5,850 shares in the last quarter. Hsbc Holdings PLC acquired a new position in iShares MSCI Hong Kong ETF during the 2nd quarter worth approximately $254,000. Main Management ETF Advisors LLC increased its position in iShares MSCI Hong Kong ETF by 55.3% during the 2nd quarter. Main Management ETF Advisors LLC now owns 517,770 shares of the exchange traded fund’s stock worth $7,922,000 after purchasing an additional 184,320 shares in the last quarter. Raymond James & Associates increased its position in iShares MSCI Hong Kong ETF by 5.5% during the 3rd quarter. Raymond James & Associates now owns 306,078 shares of the exchange traded fund’s stock worth $5,711,000 after purchasing an additional 16,006 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in iShares MSCI Hong Kong ETF during the 3rd quarter worth approximately $67,000. 50.59% of the stock is currently owned by institutional investors and hedge funds.

About iShares MSCI Hong Kong ETF

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index (the Index).