Short Interest in iShares MSCI China ETF (NASDAQ:MCHI) Declines By 25.7%

iShares MSCI China ETF (NASDAQ:MCHI) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 6,540,000 shares, a drop of 25.7% from the February 28th total of 8,800,000 shares. Based on an average daily trading volume, of 3,400,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 5.6% of the shares of the stock are short sold.

iShares MSCI China ETF Stock Down 2.2 %

NASDAQ:MCHI opened at $54.57 on Friday. The business’s 50-day moving average price is $52.80 and its 200 day moving average price is $49.68. iShares MSCI China ETF has a 52-week low of $38.83 and a 52-week high of $59.79. The firm has a market cap of $5.85 billion, a P/E ratio of 13.16 and a beta of 0.49.

Hedge Funds Weigh In On iShares MSCI China ETF

Several hedge funds have recently made changes to their positions in the business. Safe Harbor Fiduciary LLC acquired a new stake in iShares MSCI China ETF during the third quarter valued at approximately $27,000. Jones Financial Companies Lllp increased its holdings in shares of iShares MSCI China ETF by 8,818.2% in the fourth quarter. Jones Financial Companies Lllp now owns 981 shares of the company’s stock valued at $46,000 after buying an additional 970 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of iShares MSCI China ETF by 114.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $50,000 after acquiring an additional 571 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of iShares MSCI China ETF during the 4th quarter worth $67,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of iShares MSCI China ETF in the 4th quarter worth $68,000.

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.