iShares MSCI China ETF (NASDAQ:MCHI) Sees Unusually-High Trading Volume – What’s Next?

iShares MSCI China ETF (NASDAQ:MCHI) shares saw an uptick in trading volume on Wednesday . 5,425,405 shares changed hands during trading, an increase of 73% from the previous session’s volume of 3,139,425 shares.The stock last traded at $52.13 and had previously closed at $50.54.

iShares MSCI China ETF Stock Up 2.9 %

The stock has a market cap of $5.57 billion, a PE ratio of 10.76 and a beta of 0.49. The firm has a fifty day moving average of $47.32 and a 200 day moving average of $46.56.

iShares MSCI China ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a dividend of $0.8911 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI China ETF

Several hedge funds have recently added to or reduced their stakes in MCHI. Alberta Investment Management Corp boosted its holdings in shares of iShares MSCI China ETF by 66.6% in the 4th quarter. Alberta Investment Management Corp now owns 2,979,356 shares of the company’s stock valued at $139,613,000 after buying an additional 1,191,466 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in iShares MSCI China ETF by 1.7% in the third quarter. Meitav Investment House Ltd. now owns 2,910,106 shares of the company’s stock valued at $142,225,000 after acquiring an additional 48,240 shares in the last quarter. LPL Financial LLC boosted its stake in iShares MSCI China ETF by 14.7% in the fourth quarter. LPL Financial LLC now owns 1,401,303 shares of the company’s stock valued at $65,665,000 after acquiring an additional 179,251 shares in the last quarter. Elo Mutual Pension Insurance Co grew its stake in iShares MSCI China ETF by 43.3% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 1,302,890 shares of the company’s stock worth $61,053,000 after buying an additional 393,630 shares during the last quarter. Finally, Nipun Capital L.P. increased its position in iShares MSCI China ETF by 2.3% during the fourth quarter. Nipun Capital L.P. now owns 738,200 shares of the company’s stock worth $34,592,000 after buying an additional 16,700 shares during the period.

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.