iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) Trading 1% Higher – Still a Buy?

iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS)’s stock price shot up 1% during trading on Wednesday . The company traded as high as $28.89 and last traded at $28.68. 10,279 shares were traded during trading, a decline of 46% from the average daily volume of 19,156 shares. The stock had previously closed at $28.41.

iShares MSCI China Small-Cap ETF Price Performance

The company has a market cap of $64.87 million, a PE ratio of 13.30 and a beta of 0.39. The firm has a 50-day simple moving average of $29.55 and a two-hundred day simple moving average of $32.60.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ECNS. 4Thought Financial Group Inc. boosted its stake in shares of iShares MSCI China Small-Cap ETF by 63.8% during the 4th quarter. 4Thought Financial Group Inc. now owns 888 shares of the company’s stock worth $29,000 after purchasing an additional 346 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in shares of iShares MSCI China Small-Cap ETF by 32.2% during the fourth quarter. Wealthfront Advisers LLC now owns 11,098 shares of the company’s stock worth $364,000 after buying an additional 2,704 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of iShares MSCI China Small-Cap ETF in the third quarter valued at approximately $502,000. JPMorgan Chase & Co. acquired a new position in shares of iShares MSCI China Small-Cap ETF in the third quarter valued at approximately $1,184,000. Finally, Jane Street Group LLC purchased a new position in shares of iShares MSCI China Small-Cap ETF during the first quarter valued at approximately $1,407,000.

About iShares MSCI China Small-Cap ETF

The iShares MSCI China Small-Cap ETF (ECNS) is an exchange-traded fund that is based on the MSCI China Small Cap index. The fund tracks an index of small-cap Chinese securities. The fund covers roughly the bottom 14% of Chinese securities by market cap. ECNS was launched on Sep 28, 2010 and is managed by BlackRock.