iShares MSCI China ETF (NASDAQ:MCHI) Sees Significant Decrease in Short Interest

iShares MSCI China ETF (NASDAQ:MCHI) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 5,620,000 shares, a decrease of 28.8% from the August 15th total of 7,890,000 shares. Based on an average daily volume of 2,559,200 shares, the days-to-cover ratio is currently 2.2 days.

Hedge Funds Weigh In On iShares MSCI China ETF

Institutional investors have recently made changes to their positions in the stock. Meitav Investment House Ltd. boosted its stake in shares of iShares MSCI China ETF by 80.3% during the second quarter. Meitav Investment House Ltd. now owns 2,861,866 shares of the company’s stock valued at $120,663,000 after acquiring an additional 1,275,000 shares during the last quarter. Bridgewater Associates LP boosted its stake in shares of iShares MSCI China ETF by 1.6% during the 4th quarter. Bridgewater Associates LP now owns 1,972,950 shares of the company’s stock worth $80,378,000 after purchasing an additional 31,095 shares during the last quarter. Morningstar Investment Services LLC grew its holdings in shares of iShares MSCI China ETF by 98.6% during the fourth quarter. Morningstar Investment Services LLC now owns 1,645,445 shares of the company’s stock worth $66,575,000 after buying an additional 817,094 shares in the last quarter. Elo Mutual Pension Insurance Co raised its position in shares of iShares MSCI China ETF by 30.4% in the second quarter. Elo Mutual Pension Insurance Co now owns 1,082,669 shares of the company’s stock valued at $45,656,000 after buying an additional 252,156 shares during the last quarter. Finally, DRW Securities LLC lifted its stake in shares of iShares MSCI China ETF by 81.9% during the fourth quarter. DRW Securities LLC now owns 865,990 shares of the company’s stock valued at $35,280,000 after buying an additional 389,828 shares during the period.

iShares MSCI China ETF Stock Up 0.5 %

Shares of iShares MSCI China ETF stock traded up $0.20 during trading on Monday, hitting $41.10. 973,392 shares of the company were exchanged, compared to its average volume of 3,409,417. iShares MSCI China ETF has a fifty-two week low of $35.58 and a fifty-two week high of $47.69. The firm has a 50 day moving average price of $41.73 and a 200 day moving average price of $42.05. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49.

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.