Short Interest in iShares China Large-Cap ETF (NYSEARCA:FXI) Declines By 28.3%

iShares China Large-Cap ETF (NYSEARCA:FXI) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 36,975,995 shares, a decline of 28.3% from the December 15th total of 51,592,484 shares. Currently, 22.2% of the company’s stock are sold short. Based on an average daily trading volume, of 23,986,739 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 23,986,739 shares, the days-to-cover ratio is currently 1.5 days. Currently, 22.2% of the company’s stock are sold short.

iShares China Large-Cap ETF Stock Down 1.8%

NYSEARCA:FXI traded down $0.70 during trading hours on Monday, reaching $39.30. 50,116,165 shares of the stock were exchanged, compared to its average volume of 37,954,727. The firm has a 50 day simple moving average of $39.31 and a 200-day simple moving average of $39.22. iShares China Large-Cap ETF has a 52 week low of $28.41 and a 52 week high of $42.00. The stock has a market capitalization of $6.56 billion, a P/E ratio of 10.78 and a beta of 0.28.

Hedge Funds Weigh In On iShares China Large-Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Prospera Financial Services Inc lifted its position in iShares China Large-Cap ETF by 14.1% in the second quarter. Prospera Financial Services Inc now owns 74,061 shares of the exchange traded fund’s stock worth $2,722,000 after purchasing an additional 9,161 shares during the period. Baldwin Wealth Partners LLC MA bought a new stake in shares of iShares China Large-Cap ETF during the second quarter valued at approximately $202,000. Cypress Capital Group increased its stake in shares of iShares China Large-Cap ETF by 107.9% in the 2nd quarter. Cypress Capital Group now owns 59,835 shares of the exchange traded fund’s stock valued at $2,200,000 after buying an additional 31,055 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in iShares China Large-Cap ETF during the 3rd quarter worth about $576,000. Finally, Bfsg LLC acquired a new position in iShares China Large-Cap ETF in the third quarter valued at approximately $4,816,000.

iShares China Large-Cap ETF Company Profile

iShares China Large-Cap ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index (the Underlying Index). The Fund’s portfolio of sectors include Financials, Telecommunication, Oil & gas, Technology and Consumer goods. The underlying Index is designed to represent the performance of the companies in the Chinese equity market, which are available to the international investors.