iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Up 32.6% in March

iShares MSCI China ETF (NASDAQ:MCHI) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 10,117,656 shares, a growth of 32.6% from the February 26th total of 7,630,680 shares. Currently, 8.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,394,001 shares, the short-interest ratio is currently 1.6 days.

iShares MSCI China ETF Stock Up 0.4%

iShares MSCI China ETF stock traded up $0.24 during midday trading on Tuesday, reaching $55.19. 838,149 shares of the stock traded hands, compared to its average volume of 3,948,316. The stock has a market cap of $6.99 billion, a P/E ratio of 13.11 and a beta of 0.26. The stock’s fifty day moving average is $59.52 and its 200-day moving average is $61.83. iShares MSCI China ETF has a 12 month low of $44.71 and a 12 month high of $67.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MCHI. Hsbc Holdings PLC lifted its position in iShares MSCI China ETF by 210.2% during the fourth quarter. Hsbc Holdings PLC now owns 72,233 shares of the company’s stock valued at $4,339,000 after purchasing an additional 48,949 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of iShares MSCI China ETF by 7.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,358 shares of the company’s stock worth $442,000 after buying an additional 489 shares during the last quarter. Invesco Ltd. raised its position in shares of iShares MSCI China ETF by 33.4% during the 4th quarter. Invesco Ltd. now owns 40,185 shares of the company’s stock valued at $2,414,000 after buying an additional 10,065 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of iShares MSCI China ETF during the 4th quarter valued at about $283,000. Finally, Zurich Insurance Group Ltd FI lifted its holdings in shares of iShares MSCI China ETF by 150.4% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 75,500 shares of the company’s stock valued at $4,574,000 after acquiring an additional 45,350 shares during the last quarter.

iShares MSCI China ETF Company Profile

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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.