iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Up 32.6% in March

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 10,117,656 shares, a growth of 32.6% from the February 26th total of 7,630,680 shares. Currently, 8.0% of the company’s shares are short sold. Based on an average daily volume of 6,394,001 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On iShares MSCI China ETF

Several institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in iShares MSCI China ETF by 210.2% in the fourth quarter. Hsbc Holdings PLC now owns 72,233 shares of the company’s stock worth $4,339,000 after acquiring an additional 48,949 shares during the period. Rockefeller Capital Management L.P. increased its position in iShares MSCI China ETF by 7.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,358 shares of the company’s stock valued at $442,000 after purchasing an additional 489 shares during the period. Invesco Ltd. increased its position in iShares MSCI China ETF by 33.4% during the 4th quarter. Invesco Ltd. now owns 40,185 shares of the company’s stock valued at $2,414,000 after purchasing an additional 10,065 shares during the period. Beacon Pointe Advisors LLC bought a new stake in shares of iShares MSCI China ETF in the 4th quarter valued at about $283,000. Finally, Zurich Insurance Group Ltd FI raised its holdings in shares of iShares MSCI China ETF by 150.4% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 75,500 shares of the company’s stock valued at $4,574,000 after purchasing an additional 45,350 shares in the last quarter.

iShares MSCI China ETF Stock Up 0.2%

NASDAQ:MCHI traded up $0.13 during midday trading on Monday, hitting $54.95. The stock had a trading volume of 2,785,649 shares, compared to its average volume of 4,001,883. The stock has a 50-day moving average of $59.52 and a 200 day moving average of $61.83. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. iShares MSCI China ETF has a one year low of $44.71 and a one year high of $67.37.

iShares MSCI China ETF Company Profile

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.