Short Interest in iShares MSCI China ETF (NASDAQ:MCHI) Expands By 51.7%

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 5,424,442 shares, an increase of 51.7% from the December 15th total of 3,575,915 shares. Based on an average trading volume of 2,091,677 shares, the days-to-cover ratio is currently 2.6 days. Approximately 4.2% of the shares of the stock are short sold. Approximately 4.2% of the shares of the stock are short sold. Based on an average trading volume of 2,091,677 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of iShares MSCI China ETF in the 3rd quarter valued at $26,000. Bogart Wealth LLC bought a new position in iShares MSCI China ETF in the second quarter valued at about $28,000. JPL Wealth Management LLC bought a new position in iShares MSCI China ETF in the third quarter valued at about $34,000. Allworth Financial LP increased its position in iShares MSCI China ETF by 1,087.0% in the second quarter. Allworth Financial LP now owns 546 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares during the period. Finally, Advisory Services Network LLC bought a new stake in iShares MSCI China ETF during the 3rd quarter worth about $39,000.

iShares MSCI China ETF Stock Performance

Shares of NASDAQ MCHI traded down $1.07 during trading on Friday, reaching $62.52. The company had a trading volume of 2,265,718 shares, compared to its average volume of 2,995,510. iShares MSCI China ETF has a 52 week low of $44.71 and a 52 week high of $67.37. The business’s 50 day moving average price is $61.97 and its 200-day moving average price is $61.47. The stock has a market cap of $8.02 billion, a PE ratio of 13.11 and a beta of 0.26.

iShares MSCI China ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $0.735 dividend. This represents a yield of 246.0%. The ex-dividend date was Tuesday, December 16th.

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. 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.