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

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totalling 400 shares, a decline of 20.0% from the August 31st total of 500 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is currently 0.2 days.

iShares MSCI China Multisector Tech ETF Price Performance

iShares MSCI China Multisector Tech ETF stock opened at $18.64 on Friday. The company has a market cap of $7.46 million, a price-to-earnings ratio of 14.42 and a beta of 0.33. The firm has a 50-day moving average of $15.44 and a 200-day moving average of $16.28. iShares MSCI China Multisector Tech ETF has a one year low of $14.00 and a one year high of $18.76.

iShares MSCI China Multisector Tech ETF Company Profile

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.