iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Update

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 5,424,442 shares, a growth of 51.7% from the December 15th total of 3,575,915 shares. Currently, 4.2% of the company’s shares are sold short. Based on an average daily volume of 2,091,677 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily volume of 2,091,677 shares, the days-to-cover ratio is presently 2.6 days. Currently, 4.2% of the company’s shares are sold short.

Institutional Trading of iShares MSCI China ETF

Several institutional investors have recently made changes to their positions in MCHI. JPMorgan Chase & Co. raised its position in shares of iShares MSCI China ETF by 522.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,717 shares of the company’s stock worth $204,314,000 after buying an additional 2,604,585 shares during the period. Meitav Investment House Ltd. raised its holdings in shares of iShares MSCI China ETF by 0.4% in the 2nd quarter. Meitav Investment House Ltd. now owns 2,601,233 shares of the company’s stock worth $143,385,000 after purchasing an additional 9,972 shares during the period. Bank of America Corp DE lifted its stake in shares of iShares MSCI China ETF by 855.9% in the 3rd quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock valued at $97,439,000 after purchasing an additional 1,324,910 shares in the last quarter. Nipun Capital L.P. increased its position in iShares MSCI China ETF by 4.1% during the 2nd quarter. Nipun Capital L.P. now owns 747,200 shares of the company’s stock worth $41,171,000 after purchasing an additional 29,300 shares in the last quarter. Finally, Prudential PLC raised its holdings in iShares MSCI China ETF by 44.3% in the third quarter. Prudential PLC now owns 727,200 shares of the company’s stock valued at $47,886,000 after buying an additional 223,340 shares during the period.

iShares MSCI China ETF Price Performance

NASDAQ:MCHI traded down $1.07 during mid-day trading on Friday, reaching $62.52. The company’s stock had a trading volume of 2,265,718 shares, compared to its average volume of 2,995,510. The company’s fifty day simple moving average is $61.97 and its two-hundred day simple moving average is $61.51. iShares MSCI China ETF has a twelve month low of $44.71 and a twelve month high of $67.37. The stock has a market cap of $8.02 billion, a P/E ratio of 13.11 and a beta of 0.26.

iShares MSCI China ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.735 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 246.0%.

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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.