Short Interest in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Declines By 57.0%

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 16,500 shares, a decrease of 57.0% from the September 30th total of 38,400 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is presently 1.9 days.

iShares MSCI China Multisector Tech ETF Stock Performance

iShares MSCI China Multisector Tech ETF stock traded up $0.41 during midday trading on Friday, hitting $18.79. 3,051 shares of the company were exchanged, compared to its average volume of 5,703. 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 $7.52 million, a PE ratio of 14.42 and a beta of 0.33. The business has a fifty day simple moving average of $17.00 and a two-hundred day simple moving average of $16.69.

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.