iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) Trading Up 1.9% – Should You Buy?

iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) shares traded up 1.9% on Monday . The company traded as high as $34.94 and last traded at $34.91. 16,650 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 40,246 shares. The stock had previously closed at $34.26.

iShares MSCI China Small-Cap ETF Stock Down 0.2%

The firm has a fifty day moving average of $37.07 and a 200-day moving average of $34.78. The stock has a market capitalization of $101.85 million, a price-to-earnings ratio of 13.30 and a beta of 0.40.

Hedge Funds Weigh In On iShares MSCI China Small-Cap ETF

Several hedge funds have recently added to or reduced their stakes in ECNS. CWM LLC lifted its holdings in shares of iShares MSCI China Small-Cap ETF by 84,800.0% in the third quarter. CWM LLC now owns 849 shares of the company’s stock valued at $34,000 after purchasing an additional 848 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in iShares MSCI China Small-Cap ETF in the 2nd quarter valued at approximately $208,000. OLD Mission Capital LLC acquired a new stake in iShares MSCI China Small-Cap ETF during the 1st quarter valued at $348,000. Flow Traders U.S. LLC purchased a new position in iShares MSCI China Small-Cap ETF during the first quarter worth $363,000. Finally, Citadel Advisors LLC purchased a new position in iShares MSCI China Small-Cap ETF during the third quarter worth $502,000.

iShares MSCI China Small-Cap ETF Company Profile

The iShares MSCI China Small-Cap ETF (ECNS) is an exchange-traded fund that is based on the MSCI China Small Cap index. The fund tracks an index of small-cap Chinese securities. The fund covers roughly the bottom 14% of Chinese securities by market cap. ECNS was launched on Sep 28, 2010 and is managed by BlackRock.