iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Short Interest Down 81.3% in July

Posted by Amy Steele on Jul 25th, 2024

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 300 shares, a decrease of 81.3% from the June 30th total of 1,600 shares. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares MSCI China Multisector Tech ETF stock. Brookstone Capital Management bought a new stake in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,150 shares of the company’s stock, valued at approximately $189,000. Brookstone Capital Management owned about 2.79% of iShares MSCI China Multisector Tech ETF as of its most recent SEC filing.

iShares MSCI China Multisector Tech ETF Stock Performance

Shares of NASDAQ TCHI traded down $0.04 during mid-day trading on Thursday, reaching $15.54. 192 shares of the company traded hands, compared to its average volume of 4,355. The stock has a market cap of $6.22 million, a PE ratio of 14.42 and a beta of 0.33. The company’s fifty day moving average is $16.77 and its two-hundred day moving average is $16.26. iShares MSCI China Multisector Tech ETF has a fifty-two week low of $14.00 and a fifty-two week high of $19.68.

iShares MSCI China Multisector Tech ETF Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a dividend of $0.0691 per share. The ex-dividend date of this dividend was Tuesday, June 11th.

About iShares MSCI China Multisector Tech ETF

(Get Free Report)

The iShares MSCI China Multisector Tech ETF (TCHI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries. TCHI was launched on Jan 25, 2022 and is managed by BlackRock.