iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) Trading Up 1.3% – Time to Buy?

iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS)’s stock price were up 1.3% during trading on Monday . The company traded as high as $34.39 and last traded at $34.21. Approximately 67,152 shares changed hands during trading, an increase of 155% from the average daily volume of 26,339 shares. The stock had previously closed at $33.76.

iShares MSCI China Small-Cap ETF Stock Performance

The firm has a market capitalization of $92.93 million, a P/E ratio of 13.30 and a beta of 0.40. The firm has a 50 day moving average price of $35.05 and a two-hundred day moving average price of $36.03.

Hedge Funds Weigh In On iShares MSCI China Small-Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP raised its holdings in iShares MSCI China Small-Cap ETF by 1,454.6% during the 3rd quarter. Susquehanna International Group LLP now owns 238,579 shares of the company’s stock worth $9,414,000 after buying an additional 223,232 shares during the period. Glenorchy Capital Ltd acquired a new position in shares of iShares MSCI China Small-Cap ETF in the third quarter worth about $7,185,000. OLD Mission Capital LLC boosted its holdings in shares of iShares MSCI China Small-Cap ETF by 767.1% in the fourth quarter. OLD Mission Capital LLC now owns 77,099 shares of the company’s stock worth $2,526,000 after buying an additional 68,207 shares during the period. Jane Street Group LLC purchased a new position in shares of iShares MSCI China Small-Cap ETF in the first quarter worth approximately $1,407,000. Finally, Flow Traders U.S. LLC raised its holdings in shares of iShares MSCI China Small-Cap ETF by 274.4% during the second quarter. Flow Traders U.S. LLC now owns 48,960 shares of the company’s stock valued at $1,549,000 after acquiring an additional 35,882 shares during the period.

About iShares MSCI China Small-Cap ETF

The iShares MSCI China Small-Cap ETF (ECNS) is an exchange-traded fund that is based on the MSCI China Small Cap index. The fund tracks an index of small-cap Chinese securities. The fund covers roughly the bottom 14% of Chinese securities by market cap. ECNS was launched on Sep 28, 2010 and is managed by BlackRock.