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

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 59,005 shares, a decrease of 30.3% from the January 29th total of 84,690 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,373 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 23,373 shares, the short-interest ratio is currently 2.5 days. Currently, 3.1% of the shares of the stock are short sold.

iShares MSCI China Multisector Tech ETF Stock Down 4.7%

Shares of NASDAQ:TCHI traded down $1.08 during midday trading on Tuesday, hitting $21.93. The stock had a trading volume of 55,131 shares, compared to its average volume of 30,269. The company’s 50-day moving average price is $24.18 and its 200-day moving average price is $24.42. iShares MSCI China Multisector Tech ETF has a fifty-two week low of $15.76 and a fifty-two week high of $27.50. The company has a market capitalization of $41.67 million, a P/E ratio of 17.30 and a beta of 0.53.

iShares MSCI China Multisector Tech ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.4615 per share. The ex-dividend date was Tuesday, December 16th. This represents a yield of 402.0%.

Hedge Funds Weigh In On iShares MSCI China Multisector Tech ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Arete Wealth Advisors LLC bought a new stake in shares of iShares MSCI China Multisector Tech ETF during the 3rd quarter worth $2,215,000. Flow Traders U.S. LLC acquired a new position in iShares MSCI China Multisector Tech ETF during the second quarter worth about $1,281,000. OLD Mission Capital LLC acquired a new position in iShares MSCI China Multisector Tech ETF during the fourth quarter worth about $1,027,000. Cibc World Market Inc. bought a new position in shares of iShares MSCI China Multisector Tech ETF in the fourth quarter worth about $704,000. Finally, Jane Street Group LLC bought a new position in shares of iShares MSCI China Multisector Tech ETF in the second quarter worth about $328,000.

About iShares MSCI China Multisector Tech ETF

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.