Short Interest in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Rises By 75.9%

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 111,200 shares, a growth of 75.9% from the September 15th total of 63,200 shares. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is currently 4.3 days. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is currently 4.3 days.

iShares MSCI China Multisector Tech ETF Trading Down 1.2%

iShares MSCI China Multisector Tech ETF stock opened at $24.85 on Thursday. The company has a market capitalization of $42.25 million, a PE 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. The stock has a 50-day moving average price of $24.67 and a two-hundred day moving average price of $21.17.

Hedge Funds Weigh In On iShares MSCI China Multisector Tech ETF

A number of hedge funds have recently made changes to their positions in TCHI. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares MSCI China Multisector Tech ETF during the first quarter worth about $4,137,000. Flow Traders U.S. LLC bought a new position in shares of iShares MSCI China Multisector Tech ETF during the second quarter worth about $1,281,000. Jane Street Group LLC bought a new position in shares of iShares MSCI China Multisector Tech ETF during the second quarter worth about $328,000. Finally, Osaic Holdings Inc. raised its position in shares of iShares MSCI China Multisector Tech ETF by 10,956.3% during the second quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock worth $35,000 after acquiring an additional 1,753 shares during the last quarter.

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.