iShares MSCI Chile ETF (BATS:ECH) Hits New 12-Month Low – Here’s Why

Shares of iShares MSCI Chile ETF (BATS:ECH) hit a new 52-week low during trading on Monday . The stock traded as low as $26.18 and last traded at $26.44, with a volume of 140402 shares traded. The stock had previously closed at $26.31.

iShares MSCI Chile ETF Stock Up 0.3 %

The stock’s 50 day simple moving average is $26.27 and its two-hundred day simple moving average is $26.72. The company has a market cap of $575.52 million, a PE ratio of 4.69 and a beta of 0.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaCentric Advisors LLC purchased a new position in shares of iShares MSCI Chile ETF in the 2nd quarter worth about $37,000. SG Americas Securities LLC acquired a new stake in iShares MSCI Chile ETF during the 1st quarter worth approximately $185,000. Mount Lucas Management LP acquired a new position in iShares MSCI Chile ETF during the second quarter valued at approximately $244,000. Renaissance Technologies LLC purchased a new stake in iShares MSCI Chile ETF during the second quarter worth approximately $264,000. Finally, Florin Court Capital LLP acquired a new stake in shares of iShares MSCI Chile ETF in the second quarter worth $511,000.

About iShares MSCI Chile ETF

iShares MSCI Chile Capped ETF, formerly iShares MSCI Chile Capped Investable Market Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance of the MSCI Chile Investable Market Index (the Index). The Index is a free float-adjusted market capitalization index that is designed to measure broad based equity market performance in Chile.