iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Trading Up 2.5% – Time to Buy?

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI)’s share price rose 2.5% during trading on Friday . The stock traded as high as $18.08 and last traded at $18.04. Approximately 2,303 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 4,800 shares. The stock had previously closed at $17.59.

iShares MSCI China Multisector Tech ETF Price Performance

The company has a 50-day moving average price of $18.15 and a 200 day moving average price of $17.25. The firm has a market capitalization of $7.21 million, a PE ratio of 14.42 and a beta of 0.33.

iShares MSCI China Multisector Tech ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a $0.3793 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

iShares MSCI China Multisector Tech ETF Company Profile

The iShares MSCI China Multisector Tech ETF (TCHI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries. TCHI was launched on Jan 25, 2022 and is managed by BlackRock.