Short Interest in iShares MSCI China ETF (NASDAQ:MCHI) Drops By 59.2%

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,110,000 shares, a decrease of 59.2% from the October 15th total of 7,620,000 shares. Based on an average trading volume of 5,174,300 shares, the short-interest ratio is presently 0.6 days.

iShares MSCI China ETF Stock Performance

NASDAQ:MCHI traded down $0.10 during mid-day trading on Wednesday, hitting $47.76. 3,548,632 shares of the company’s stock traded hands, compared to its average volume of 4,113,478. The firm’s 50 day simple moving average is $48.26 and its 200 day simple moving average is $44.93. iShares MSCI China ETF has a 1 year low of $35.58 and a 1 year high of $59.78. The company has a market cap of $6.01 billion, a PE ratio of 10.76 and a beta of 0.49.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in iShares MSCI China ETF by 137.6% in the third quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock valued at $167,000 after acquiring an additional 1,895 shares during the last quarter. Creative Planning purchased a new stake in shares of iShares MSCI China ETF in the 3rd quarter worth approximately $221,000. 1832 Asset Management L.P. grew its position in iShares MSCI China ETF by 26.0% during the 1st quarter. 1832 Asset Management L.P. now owns 4,551 shares of the company’s stock worth $181,000 after purchasing an additional 940 shares during the last quarter. DMC Group LLC acquired a new stake in shares of iShares MSCI China ETF in the third quarter valued at about $232,000. Finally, Ignite Planners LLC purchased a new stake in shares of iShares MSCI China ETF in the 3rd quarter valued at approximately $235,000.

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.