Short Interest in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Decreases By 30.3%

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 11,500 shares, a decrease of 30.3% from the October 15th total of 16,500 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is currently 1.2 days.

iShares MSCI China Multisector Tech ETF Stock Down 0.4 %

Shares of NASDAQ TCHI traded down $0.07 during trading on Friday, hitting $18.10. The company had a trading volume of 1,069 shares, compared to its average volume of 5,694. The stock has a fifty day simple moving average of $18.09 and a two-hundred day simple moving average of $16.97. iShares MSCI China Multisector Tech ETF has a fifty-two week low of $14.00 and a fifty-two week high of $22.58. The firm has a market capitalization of $7.24 million, a price-to-earnings ratio of 14.42 and a beta of 0.33.

iShares MSCI China Multisector Tech ETF Company Profile

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.