iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Sees Large Decline in Short Interest

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 69,881 shares, a decrease of 55.1% from the June 15th total of 155,664 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 17,826 shares, the days-to-cover ratio is currently 3.9 days.

Hedge Funds Weigh In On iShares MSCI China Multisector Tech ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada acquired a new position in shares of iShares MSCI China Multisector Tech ETF during the 4th quarter worth $32,000. Osaic Holdings Inc. grew its position in iShares MSCI China Multisector Tech ETF by 10,956.2% in the second quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock valued at $35,000 after acquiring an additional 1,753 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in iShares MSCI China Multisector Tech ETF in the fourth quarter valued at about $152,000. GWN Securities Inc. acquired a new position in iShares MSCI China Multisector Tech ETF during the fourth quarter worth about $278,000. Finally, Jane Street Group LLC acquired a new position in iShares MSCI China Multisector Tech ETF during the second quarter worth about $328,000.

iShares MSCI China Multisector Tech ETF Price Performance

TCHI stock traded down $0.46 during midday trading on Thursday, reaching $24.27. The company had a trading volume of 24,209 shares, compared to its average volume of 20,885. iShares MSCI China Multisector Tech ETF has a 1-year low of $20.38 and a 1-year high of $27.50. The stock has a 50 day moving average price of $25.20 and a 200-day moving average price of $24.06. The company has a market capitalization of $46.11 million, a price-to-earnings ratio of 17.30 and a beta of 0.62.

iShares MSCI China Multisector Tech ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.0789 dividend. The ex-dividend date of this dividend was Monday, June 15th.

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.