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

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 5,620,000 shares, a decrease of 28.8% from the August 15th total of 7,890,000 shares. Based on an average daily volume of 2,559,200 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On iShares MSCI China ETF

Several institutional investors and hedge funds have recently bought and sold shares of MCHI. Financial Advocates Investment Management acquired a new stake in shares of iShares MSCI China ETF during the 4th quarter worth $98,000. Tiff Advisory Services LLC purchased a new position in shares of iShares MSCI China ETF in the 4th quarter worth about $11,285,000. Trexquant Investment LP acquired a new position in shares of iShares MSCI China ETF in the 4th quarter valued at about $200,000. City of London Investment Management Co. Ltd. grew its holdings in shares of iShares MSCI China ETF by 164.6% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 362,881 shares of the company’s stock worth $14,784,000 after purchasing an additional 225,763 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in iShares MSCI China ETF by 396.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 167,203 shares of the company’s stock worth $6,812,000 after purchasing an additional 133,519 shares in the last quarter.

iShares MSCI China ETF Trading Up 0.5 %

Shares of NASDAQ MCHI traded up $0.20 on Monday, reaching $41.10. 973,392 shares of the company traded hands, compared to its average volume of 3,409,417. The company has a 50 day moving average of $41.73 and a 200 day moving average of $42.05. iShares MSCI China ETF has a fifty-two week low of $35.58 and a fifty-two week high of $47.69. The stock has a market capitalization of $4.62 billion, a PE ratio of 10.76 and a beta of 0.49.

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.