iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Sees Significant Growth in Short Interest

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 63,200 shares, a growth of 89.2% from the August 31st total of 33,400 shares. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is presently 3.0 days. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is presently 3.0 days.

iShares MSCI China Multisector Tech ETF Trading Down 0.8%

iShares MSCI China Multisector Tech ETF stock opened at $27.06 on Friday. The firm has a 50 day moving average of $23.54 and a 200 day moving average of $20.69. The firm has a market capitalization of $32.47 million, a price-to-earnings ratio of 17.30 and a beta of 0.33. iShares MSCI China Multisector Tech ETF has a 12-month low of $15.76 and a 12-month high of $27.50.

Institutional Investors Weigh In On iShares MSCI China Multisector Tech ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Garde Capital Inc. purchased a new stake in iShares MSCI China Multisector Tech ETF in the 1st quarter worth approximately $90,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares MSCI China Multisector Tech ETF in the 1st quarter worth approximately $4,137,000. Jane Street Group LLC purchased a new stake in iShares MSCI China Multisector Tech ETF in the 2nd quarter worth approximately $328,000. Osaic Holdings Inc. grew its holdings in iShares MSCI China Multisector Tech ETF by 10,956.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock valued at $35,000 after buying an additional 1,753 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in iShares MSCI China Multisector Tech ETF during the 2nd quarter valued at approximately $1,281,000.

About iShares MSCI China Multisector Tech ETF

The iShares MSCI China Multisector Tech ETF (TCHI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries. TCHI was launched on Jan 25, 2022 and is managed by BlackRock.