Short Interest in iShares MSCI China ETF (NASDAQ:MCHI) Grows By 25.5%

iShares MSCI China ETF (NASDAQ:MCHI) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 6,809,468 shares, an increase of 25.5% from the December 31st total of 5,424,442 shares. Based on an average trading volume of 3,042,163 shares, the short-interest ratio is currently 2.2 days. Approximately 5.3% of the company’s stock are sold short. Approximately 5.3% of the company’s stock are sold short. Based on an average trading volume of 3,042,163 shares, the short-interest ratio is currently 2.2 days.

Institutional Investors Weigh In On iShares MSCI China ETF

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in iShares MSCI China ETF by 522.9% during the third quarter. JPMorgan Chase & Co. now owns 3,102,717 shares of the company’s stock valued at $204,314,000 after purchasing an additional 2,604,585 shares during the period. Meitav Investment House Ltd. raised its stake in iShares MSCI China ETF by 0.4% in the 2nd quarter. Meitav Investment House Ltd. now owns 2,601,233 shares of the company’s stock valued at $143,385,000 after acquiring an additional 9,972 shares during the period. Bank of America Corp DE lifted its holdings in iShares MSCI China ETF by 855.9% during the third quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock valued at $97,439,000 after purchasing an additional 1,324,910 shares during the last quarter. Nipun Capital L.P. lifted its holdings in iShares MSCI China ETF by 4.1% during the second quarter. Nipun Capital L.P. now owns 747,200 shares of the company’s stock valued at $41,171,000 after purchasing an additional 29,300 shares during the last quarter. Finally, Prudential PLC boosted its position in iShares MSCI China ETF by 44.3% during the third quarter. Prudential PLC now owns 727,200 shares of the company’s stock worth $47,886,000 after purchasing an additional 223,340 shares during the period.

iShares MSCI China ETF Stock Performance

Shares of iShares MSCI China ETF stock traded down $0.76 during mid-day trading on Wednesday, hitting $60.32. 3,485,827 shares of the stock were exchanged, compared to its average volume of 3,209,771. iShares MSCI China ETF has a 12 month low of $44.71 and a 12 month high of $67.37. The company has a 50-day simple moving average of $61.90 and a 200 day simple moving average of $62.15. The company has a market capitalization of $7.64 billion, a P/E ratio of 13.11 and a beta of 0.26.

iShares MSCI China ETF Dividend Announcement

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

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.