iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Down 59.2% in October

iShares MSCI China ETF (NASDAQ:MCHI) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 3,110,000 shares, a drop of 59.2% from the October 15th total of 7,620,000 shares. Based on an average daily trading volume, of 5,174,300 shares, the short-interest ratio is presently 0.6 days.

iShares MSCI China ETF Trading Down 0.2 %

iShares MSCI China ETF stock traded down $0.10 during trading hours on Wednesday, reaching $47.76. 3,548,632 shares of the company were exchanged, compared to its average volume of 4,113,478. iShares MSCI China ETF has a 12 month low of $35.58 and a 12 month high of $59.78. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. The stock has a 50-day moving average of $48.26 and a 200 day moving average of $44.93.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MCHI. Meitav Investment House Ltd. boosted its stake in iShares MSCI China ETF by 80.3% in the second quarter. Meitav Investment House Ltd. now owns 2,861,866 shares of the company’s stock worth $120,663,000 after buying an additional 1,275,000 shares in the last quarter. Angeles Investment Advisors LLC raised its stake in shares of iShares MSCI China ETF by 104.7% during the third quarter. Angeles Investment Advisors LLC now owns 604,000 shares of the company’s stock valued at $30,750,000 after acquiring an additional 309,000 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its position in iShares MSCI China ETF by 69.5% during the first quarter. City of London Investment Management Co. Ltd. now owns 615,124 shares of the company’s stock valued at $24,439,000 after acquiring an additional 252,243 shares during the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of iShares MSCI China ETF by 30.4% in the second quarter. Elo Mutual Pension Insurance Co now owns 1,082,669 shares of the company’s stock valued at $45,656,000 after purchasing an additional 252,156 shares during the period. Finally, US Bancorp DE purchased a new stake in iShares MSCI China ETF during the first quarter worth $5,967,000.

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.