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

iShares MSCI China ETF (NASDAQ:MCHI) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 10,117,656 shares, an increase of 32.6% from the February 26th total of 7,630,680 shares. Based on an average daily volume of 6,394,001 shares, the days-to-cover ratio is presently 1.6 days. Approximately 8.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares MSCI China ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCHI. Financial Life Planners bought a new stake in shares of iShares MSCI China ETF during the third quarter valued at approximately $26,000. JPL Wealth Management LLC acquired a new stake in shares of iShares MSCI China ETF in the 3rd quarter valued at $34,000. Aventura Private Wealth LLC bought a new stake in shares of iShares MSCI China ETF during the fourth quarter worth $38,000. Whittier Trust Co. acquired a new position in shares of iShares MSCI China ETF during the fourth quarter valued at $38,000. Finally, Advisory Services Network LLC acquired a new position in shares of iShares MSCI China ETF during the third quarter valued at $39,000.

iShares MSCI China ETF Trading Down 0.4%

MCHI stock traded down $0.22 during trading on Friday, hitting $54.82. 2,993,433 shares of the stock traded hands, compared to its average volume of 4,022,493. The company has a 50 day simple moving average of $59.68 and a 200 day simple moving average of $61.90. iShares MSCI China ETF has a one year low of $44.71 and a one year high of $67.37. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26.

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.