iShares MSCI China ETF (NASDAQ:MCHI) Sees Unusually-High Trading Volume – What’s Next?

iShares MSCI China ETF (NASDAQ:MCHI) saw unusually-high trading volume on Friday . Approximately 14,137,480 shares changed hands during trading, an increase of 369% from the previous session’s volume of 3,011,848 shares.The stock last traded at $61.18 and had previously closed at $65.12.

iShares MSCI China ETF Stock Down 5.7%

The stock has a market cap of $7.92 billion, a PE ratio of 13.11 and a beta of 0.49. The firm has a 50-day simple moving average of $62.33 and a 200-day simple moving average of $56.83.

Institutional Investors Weigh In On iShares MSCI China ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Bogart Wealth LLC purchased a new stake in shares of iShares MSCI China ETF in the second quarter worth $28,000. Allworth Financial LP raised its position in shares of iShares MSCI China ETF by 1,087.0% in the second quarter. Allworth Financial LP now owns 546 shares of the company’s stock worth $30,000 after buying an additional 500 shares in the last quarter. Elequin Capital LP purchased a new stake in shares of iShares MSCI China ETF in the first quarter worth $31,000. Copia Wealth Management purchased a new stake in shares of iShares MSCI China ETF in the first quarter worth $39,000. Finally, Huntington National Bank raised its position in shares of iShares MSCI China ETF by 79,500.0% in the second quarter. Huntington National Bank now owns 796 shares of the company’s stock worth $44,000 after buying an additional 795 shares in the last quarter.

About iShares MSCI China ETF

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.