iShares MSCI China A ETF (BATS:CNYA) Sees Large Drop in Short Interest

iShares MSCI China A ETF (BATS:CNYA) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 425,399 shares, a decline of 61.9% from the July 30th total of 1,115,580 shares. Approximately 5.9% of the company’s shares are short sold. Based on an average daily volume of 22,777 shares, the short-interest ratio is presently 18.7 days.

iShares MSCI China A ETF Stock Performance

CNYA stock opened at $35.83 on Friday. The business’s 50 day moving average price is $36.25 and its two-hundred day moving average price is $36.12. The company has a market capitalization of $256.18 million, a price-to-earnings ratio of 14.20 and a beta of 0.33. iShares MSCI China A ETF has a fifty-two week low of $32.10 and a fifty-two week high of $38.77.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CNYA. Royal Bank of Canada lifted its holdings in iShares MSCI China A ETF by 2.0% in the first quarter. Royal Bank of Canada now owns 71,156 shares of the company’s stock valued at $2,433,000 after acquiring an additional 1,418 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of iShares MSCI China A ETF by 14.1% during the 1st quarter. Bank of New York Mellon Corp now owns 80,493 shares of the company’s stock worth $2,751,000 after purchasing an additional 9,966 shares during the period. Fifth Third Bancorp bought a new position in shares of iShares MSCI China A ETF during the first quarter valued at approximately $27,000. Hsbc Holdings PLC increased its stake in iShares MSCI China A ETF by 182.3% in the first quarter. Hsbc Holdings PLC now owns 53,030 shares of the company’s stock worth $1,813,000 after purchasing an additional 34,243 shares during the period. Finally, Blair William & Co. IL lifted its holdings in iShares MSCI China A ETF by 419.4% during the 4th quarter. Blair William & Co. IL now owns 5,573 shares of the company’s stock valued at $193,000 after buying an additional 4,500 shares in the last quarter.

About iShares MSCI China A ETF

The iShares MSCI China A ETF (CNYA) is an exchange-traded fund that is based on the MSCI China A Inclusion index, a market-cap-weighted index of Chinese A-share equities. CNYA was launched on Jun 13, 2016 and is managed by BlackRock.