iShares MSCI China ETF (NASDAQ:MCHI) Sees Unusually-High Trading Volume

iShares MSCI China ETF (NASDAQ:MCHI) saw strong trading volume on Thursday . 97,039 shares changed hands during mid-day trading, a decline of 97% from the previous session’s volume of 3,869,650 shares.The stock last traded at $69.48 and had previously closed at $70.21.

The firm’s 50 day moving average is $69.39 and its 200 day moving average is $76.24.

Hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund purchased a new position in shares of iShares MSCI China ETF in the second quarter worth $6,071,000. Squarepoint Ops LLC increased its stake in shares of iShares MSCI China ETF by 6.9% in the first quarter. Squarepoint Ops LLC now owns 38,340 shares of the company’s stock worth $3,132,000 after buying an additional 2,477 shares during the period. Goldman Sachs Group Inc. boosted its holdings in iShares MSCI China ETF by 22.4% in the first quarter. Goldman Sachs Group Inc. now owns 388,006 shares of the company’s stock valued at $31,700,000 after acquiring an additional 71,073 shares in the last quarter. Yale University bought a new stake in iShares MSCI China ETF in the first quarter valued at $30,286,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in iShares MSCI China ETF by 227.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 590,137 shares of the company’s stock valued at $47,845,000 after acquiring an additional 409,740 shares in the last quarter.

iShares MSCI China ETF Company Profile (NASDAQ:MCHI)

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.

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