iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Up 20.8% in March

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 12,220,934 shares, an increase of 20.8% from the March 15th total of 10,117,656 shares. Based on an average trading volume of 4,540,040 shares, the short-interest ratio is currently 2.7 days. Currently, 10.3% of the shares of the stock are short sold.

iShares MSCI China ETF Stock Up 1.1%

iShares MSCI China ETF stock opened at $58.69 on Friday. iShares MSCI China ETF has a 12-month low of $48.94 and a 12-month high of $67.37. The business’s 50-day moving average price is $58.12 and its two-hundred day moving average price is $61.17. The stock has a market cap of $6.95 billion, a PE ratio of 13.11 and a beta of 0.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fort Sheridan Advisors LLC grew its position in iShares MSCI China ETF by 5.2% in the fourth quarter. Fort Sheridan Advisors LLC now owns 3,397 shares of the company’s stock valued at $204,000 after acquiring an additional 168 shares during the last quarter. Banque Cantonale Vaudoise grew its position in iShares MSCI China ETF by 11.2% in the fourth quarter. Banque Cantonale Vaudoise now owns 1,777 shares of the company’s stock valued at $107,000 after acquiring an additional 179 shares during the last quarter. Bank of Nova Scotia grew its position in iShares MSCI China ETF by 1.5% in the second quarter. Bank of Nova Scotia now owns 17,052 shares of the company’s stock valued at $939,000 after acquiring an additional 246 shares during the last quarter. IHT Wealth Management LLC grew its position in iShares MSCI China ETF by 2.2% in the second quarter. IHT Wealth Management LLC now owns 13,101 shares of the company’s stock valued at $722,000 after acquiring an additional 277 shares during the last quarter. Finally, New England Private Wealth Advisors LLC grew its position in iShares MSCI China ETF by 1.2% in the fourth quarter. New England Private Wealth Advisors LLC now owns 23,441 shares of the company’s stock valued at $1,408,000 after acquiring an additional 281 shares during the last quarter.

About iShares MSCI China ETF

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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.