Short Interest in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Increases By 99.5%

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 19,549 shares, a growth of 99.5% from the December 15th total of 9,799 shares. Based on an average trading volume of 23,512 shares, the short-interest ratio is presently 0.8 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 23,512 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of iShares MSCI China Multisector Tech ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI China Multisector Tech ETF in the 2nd quarter valued at about $1,281,000. Arete Wealth Advisors LLC acquired a new position in iShares MSCI China Multisector Tech ETF in the third quarter valued at approximately $2,215,000. Aviso Financial Inc. acquired a new position in iShares MSCI China Multisector Tech ETF in the third quarter valued at approximately $27,000. Osaic Holdings Inc. boosted its holdings in shares of iShares MSCI China Multisector Tech ETF by 10,956.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock worth $35,000 after buying an additional 1,753 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of iShares MSCI China Multisector Tech ETF during the 2nd quarter worth approximately $328,000.

iShares MSCI China Multisector Tech ETF Trading Down 0.7%

NASDAQ:TCHI traded down $0.17 during mid-day trading on Friday, hitting $24.94. 72,697 shares of the company’s stock were exchanged, compared to its average volume of 40,545. iShares MSCI China Multisector Tech ETF has a fifty-two week low of $15.76 and a fifty-two week high of $27.50. The firm has a market capitalization of $47.39 million, a P/E ratio of 17.30 and a beta of 0.53. The company has a 50 day simple moving average of $23.99 and a 200-day simple moving average of $23.59.

iShares MSCI China Multisector Tech ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $0.4615 dividend. This represents a dividend yield of 402.0%. The ex-dividend date was Tuesday, December 16th.

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.