iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Up 20.8% in March

iShares MSCI China ETF (NASDAQ:MCHI) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 12,220,934 shares, a growth of 20.8% from the March 15th total of 10,117,656 shares. Currently, 10.3% of the shares of the stock are short sold. Based on an average trading volume of 4,540,040 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds Weigh In On iShares MSCI China ETF

A number of hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in shares of iShares MSCI China ETF by 522.8% in the first quarter. SG Americas Securities LLC now owns 97,103 shares of the company’s stock worth $5,455,000 after buying an additional 81,512 shares during the period. Upper Left Wealth Management LLC boosted its position in shares of iShares MSCI China ETF by 5.9% in the first quarter. Upper Left Wealth Management LLC now owns 93,922 shares of the company’s stock worth $5,277,000 after buying an additional 5,262 shares during the period. Hsbc Holdings PLC boosted its position in shares of iShares MSCI China ETF by 210.2% in the fourth quarter. Hsbc Holdings PLC now owns 72,233 shares of the company’s stock worth $4,339,000 after buying an additional 48,949 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of iShares MSCI China ETF by 7.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,358 shares of the company’s stock worth $442,000 after buying an additional 489 shares during the period. Finally, Invesco Ltd. boosted its position in shares of iShares MSCI China ETF by 33.4% in the fourth quarter. Invesco Ltd. now owns 40,185 shares of the company’s stock worth $2,414,000 after buying an additional 10,065 shares during the period.

iShares MSCI China ETF Stock Up 1.0%

Shares of NASDAQ MCHI opened at $59.29 on Friday. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 13.11 and a beta of 0.34. The stock’s fifty day simple moving average is $58.07 and its 200 day simple moving average is $61.13. iShares MSCI China ETF has a 52-week low of $48.94 and a 52-week high of $67.37.

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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.