iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Update

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 5,920,000 shares, a drop of 16.9% from the May 15th total of 7,120,000 shares. Based on an average daily trading volume, of 3,197,400 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of iShares MSCI China ETF by 6.0% during the third quarter. PNC Financial Services Group Inc. now owns 4,267 shares of the company’s stock valued at $185,000 after purchasing an additional 243 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares MSCI China ETF by 0.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 39,620 shares of the company’s stock valued at $1,574,000 after purchasing an additional 269 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of iShares MSCI China ETF by 0.3% during the fourth quarter. Yousif Capital Management LLC now owns 136,945 shares of the company’s stock valued at $5,579,000 after purchasing an additional 350 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of iShares MSCI China ETF by 18.9% during the first quarter. Venturi Wealth Management LLC now owns 2,373 shares of the company’s stock valued at $94,000 after purchasing an additional 377 shares in the last quarter. Finally, Millburn Ridgefield Corp raised its position in iShares MSCI China ETF by 2.4% in the fourth quarter. Millburn Ridgefield Corp now owns 16,732 shares of the company’s stock worth $682,000 after acquiring an additional 399 shares during the period.

iShares MSCI China ETF Price Performance

Shares of NASDAQ MCHI traded down $0.25 during mid-day trading on Friday, reaching $43.13. 2,720,888 shares of the company’s stock traded hands, compared to its average volume of 3,921,823. The stock has a market cap of $5.11 billion, a P/E ratio of 10.76 and a beta of 0.49. The business has a 50-day simple moving average of $43.31 and a 200 day simple moving average of $40.74. iShares MSCI China ETF has a 1-year low of $35.58 and a 1-year high of $49.94.

iShares MSCI China ETF Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.1905 per share. The ex-dividend date is Tuesday, June 11th.

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.