iShares MSCI China ETF (NASDAQ:MCHI) Sees Significant Growth in Short Interest

iShares MSCI China ETF (NASDAQ:MCHI) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 8,800,000 shares, a growth of 71.5% from the February 13th total of 5,130,000 shares. Currently, 8.2% of the shares of the stock are short sold. Based on an average trading volume of 3,407,300 shares, the short-interest ratio is currently 2.6 days.

Institutional Investors Weigh In On iShares MSCI China ETF

Institutional investors have recently added to or reduced their stakes in the business. Safe Harbor Fiduciary LLC acquired a new position in shares of iShares MSCI China ETF in the third quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its position in shares of iShares MSCI China ETF by 8,818.2% in the fourth quarter. Jones Financial Companies Lllp now owns 981 shares of the company’s stock valued at $46,000 after acquiring an additional 970 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of iShares MSCI China ETF by 114.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $50,000 after acquiring an additional 571 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of iShares MSCI China ETF in the fourth quarter valued at $67,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in iShares MSCI China ETF in the fourth quarter valued at $68,000.

iShares MSCI China ETF Stock Up 2.9 %

NASDAQ MCHI traded up $1.60 during trading hours on Friday, hitting $57.37. 2,964,506 shares of the company were exchanged, compared to its average volume of 3,559,170. The stock has a 50-day moving average price of $50.53 and a 200 day moving average price of $48.61. The stock has a market cap of $6.15 billion, a PE ratio of 13.52 and a beta of 0.49. iShares MSCI China ETF has a 52 week low of $38.83 and a 52 week high of $59.78.

iShares MSCI China ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $0.8911 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.