iShares MSCI Chile ETF (BATS:ECH) Reaches New 52-Week Low – Should You Sell?

iShares MSCI Chile ETF (BATS:ECH)’s stock price reached a new 52-week low on Monday . The company traded as low as $25.48 and last traded at $28.73, with a volume of 130335 shares traded. The stock had previously closed at $25.43.

iShares MSCI Chile ETF Stock Performance

The stock’s fifty day moving average price is $26.94 and its 200-day moving average price is $26.31. The firm has a market cap of $566.74 million, a PE ratio of 11.04 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ECH. Wolverine Trading LLC boosted its stake in shares of iShares MSCI Chile ETF by 12.6% during the 4th quarter. Wolverine Trading LLC now owns 9,713 shares of the company’s stock worth $243,000 after acquiring an additional 1,089 shares in the last quarter. LMR Partners LLP acquired a new position in iShares MSCI Chile ETF during the fourth quarter worth $54,000. D. E. Shaw & Co. Inc. boosted its position in iShares MSCI Chile ETF by 60.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 12,161 shares of the company’s stock worth $304,000 after purchasing an additional 4,577 shares in the last quarter. Jane Street Group LLC grew its holdings in iShares MSCI Chile ETF by 226.7% in the fourth quarter. Jane Street Group LLC now owns 269,198 shares of the company’s stock valued at $6,741,000 after purchasing an additional 186,791 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new position in shares of iShares MSCI Chile ETF in the fourth quarter valued at $562,000.

iShares MSCI Chile ETF Company Profile

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.