iShares MSCI China ETF (NASDAQ:MCHI) Sees Large Increase in Short Interest

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 6,809,468 shares, an increase of 25.5% from the December 31st total of 5,424,442 shares. Currently, 5.3% of the company’s shares are short sold. Based on an average trading volume of 3,042,163 shares, the short-interest ratio is currently 2.2 days. Based on an average trading volume of 3,042,163 shares, the short-interest ratio is currently 2.2 days. Currently, 5.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MCHI. JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI China ETF by 522.9% during the third quarter. JPMorgan Chase & Co. now owns 3,102,717 shares of the company’s stock worth $204,314,000 after acquiring an additional 2,604,585 shares during the period. Meitav Investment House Ltd. boosted its stake in iShares MSCI China ETF by 0.4% in the 2nd quarter. Meitav Investment House Ltd. now owns 2,601,233 shares of the company’s stock worth $143,385,000 after purchasing an additional 9,972 shares during the period. Bank of America Corp DE boosted its stake in iShares MSCI China ETF by 855.9% in the 3rd quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock worth $97,439,000 after purchasing an additional 1,324,910 shares during the period. Nipun Capital L.P. increased its holdings in iShares MSCI China ETF by 4.1% during the 2nd quarter. Nipun Capital L.P. now owns 747,200 shares of the company’s stock worth $41,171,000 after purchasing an additional 29,300 shares in the last quarter. Finally, Prudential PLC raised its stake in shares of iShares MSCI China ETF by 44.3% in the 3rd quarter. Prudential PLC now owns 727,200 shares of the company’s stock valued at $47,886,000 after purchasing an additional 223,340 shares during the period.

iShares MSCI China ETF Stock Performance

NASDAQ:MCHI traded down $0.54 on Tuesday, reaching $61.07. The company’s stock had a trading volume of 4,704,212 shares, compared to its average volume of 3,209,051. iShares MSCI China ETF has a 1-year low of $44.71 and a 1-year high of $67.37. The business’s 50-day moving average price is $61.90 and its two-hundred day moving average price is $62.15. The firm has a market cap of $7.73 billion, a PE ratio of 13.11 and a beta of 0.26.

iShares MSCI China ETF Announces Dividend

The firm 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. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 246.0%.

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.