iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Down 25.7% in March

iShares MSCI China ETF (NASDAQ:MCHI) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 6,540,000 shares, a drop of 25.7% from the February 28th total of 8,800,000 shares. Approximately 5.6% of the shares of the stock are sold short. Based on an average trading volume of 3,400,000 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of iShares MSCI China ETF

Several institutional investors have recently made changes to their positions in MCHI. Demars Financial Group LLC purchased a new stake in shares of iShares MSCI China ETF in the fourth quarter worth about $151,283,000. Alberta Investment Management Corp increased its holdings in shares of iShares MSCI China ETF by 66.6% in the 4th quarter. Alberta Investment Management Corp now owns 2,979,356 shares of the company’s stock valued at $139,613,000 after acquiring an additional 1,191,466 shares during the last quarter. OLD Mission Capital LLC increased its stake in iShares MSCI China ETF by 228.1% during the fourth quarter. OLD Mission Capital LLC now owns 1,969,541 shares of the company’s stock valued at $92,293,000 after purchasing an additional 1,369,309 shares during the last quarter. LPL Financial LLC raised its stake in iShares MSCI China ETF by 14.7% during the fourth quarter. LPL Financial LLC now owns 1,401,303 shares of the company’s stock worth $65,665,000 after acquiring an additional 179,251 shares during the period. Finally, Elo Mutual Pension Insurance Co raised its position in shares of iShares MSCI China ETF by 43.3% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 1,302,890 shares of the company’s stock worth $61,053,000 after purchasing an additional 393,630 shares during the period.

iShares MSCI China ETF Stock Performance

NASDAQ:MCHI traded up $0.15 during mid-day trading on Tuesday, hitting $54.55. 1,788,436 shares of the company’s stock traded hands, compared to its average volume of 3,660,105. The firm’s 50 day simple moving average is $53.13 and its 200 day simple moving average is $49.93. The company has a market cap of $5.85 billion, a PE ratio of 13.16 and a beta of 0.49. iShares MSCI China ETF has a 1 year low of $38.83 and a 1 year high of $59.79.

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.