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

iShares MSCI China ETF (NASDAQ:MCHI) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 5,424,442 shares, a growth 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. Currently, 4.2% of the company’s stock are sold short. Currently, 4.2% of the company’s stock are sold short. Based on an average trading volume of 2,091,677 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Trading of iShares MSCI China ETF

A number of large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in iShares MSCI China ETF by 1.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 60,790 shares of the company’s stock worth $3,652,000 after acquiring an additional 1,016 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of iShares MSCI China ETF in the 4th quarter valued at $248,000. JGP Wealth Management LLC lifted its position in shares of iShares MSCI China ETF by 32.8% during the 4th quarter. JGP Wealth Management LLC now owns 9,387 shares of the company’s stock worth $564,000 after purchasing an additional 2,319 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in shares of iShares MSCI China ETF by 17.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 54,232 shares of the company’s stock worth $3,258,000 after purchasing an additional 7,992 shares during the last quarter. Finally, Lake Street Private Wealth LLC grew its stake in shares of iShares MSCI China ETF by 7.9% during the fourth quarter. Lake Street Private Wealth LLC now owns 91,142 shares of the company’s stock worth $5,475,000 after purchasing an additional 6,637 shares in the last quarter.

iShares MSCI China ETF Trading Down 1.7%

NASDAQ:MCHI traded down $1.07 during midday 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 12-month low of $44.71 and a 12-month high of $67.37. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. The stock’s fifty day simple moving average is $61.97 and its 200-day simple moving average is $61.51.

iShares MSCI China ETF Dividend Announcement

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

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. 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.