Short Interest in iShares MSCI China ETF (NASDAQ:MCHI) Expands By 41.7%

iShares MSCI China ETF (NASDAQ:MCHI) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 5,130,000 shares, a growth 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 days-to-cover ratio is currently 1.6 days.

iShares MSCI China ETF Stock Performance

NASDAQ:MCHI traded up $0.79 during trading hours on Tuesday, reaching $53.60. The stock had a trading volume of 3,192,888 shares, compared to its average volume of 3,637,572. 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 price of $49.08 and a two-hundred day moving average price of $47.88. The stock has a market capitalization of $5.75 billion, a PE ratio of 13.24 and a beta of 0.49.

iShares MSCI China ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $0.8911 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI China ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Safe Harbor Fiduciary LLC purchased a new position in shares of iShares MSCI China ETF in the 3rd quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its holdings in 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 valued at $46,000 after acquiring an additional 970 shares during the period. Avior Wealth Management LLC boosted its holdings in iShares MSCI China ETF by 114.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $50,000 after acquiring an additional 571 shares during the period. Fourth Dimension Wealth LLC purchased a new position in iShares MSCI China ETF during the 4th quarter valued at $67,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in iShares MSCI China ETF during the 4th quarter valued at $68,000.

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.