iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) Shares Down 1% – What’s Next?

iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS)’s share price dropped 1% during mid-day trading on Monday. The company traded as low as $26.49 and last traded at $26.50. 14,366 shares were traded during trading, a decline of 11% from the average daily volume of 16,125 shares. The stock had previously closed at $26.78.

iShares MSCI China Small-Cap ETF Price Performance

The company’s 50-day simple moving average is $27.25 and its 200 day simple moving average is $30.81. The firm has a market cap of $58.67 million, a P/E ratio of 11.23 and a beta of 0.43.

Institutional Trading of iShares MSCI China Small-Cap ETF

A hedge fund recently bought a new stake in iShares MSCI China Small-Cap ETF stock. Citadel Advisors LLC purchased a new stake in iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,310 shares of the company’s stock, valued at approximately $347,000. Citadel Advisors LLC owned about 0.55% of iShares MSCI China Small-Cap ETF at the end of the most recent quarter.

iShares MSCI China Small-Cap ETF Company Profile

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.