Short Interest in iShares MSCI China ETF (NASDAQ:MCHI) Grows By 33.1%

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 6,390,000 shares, a growth of 33.1% from the March 31st total of 4,800,000 shares. Based on an average trading volume of 4,089,000 shares, the short-interest ratio is presently 1.6 days.

iShares MSCI China ETF Stock Up 1.9 %

Shares of NASDAQ:MCHI traded up $0.80 during trading on Friday, reaching $42.35. 3,653,459 shares of the company traded hands, compared to its average volume of 4,168,177. iShares MSCI China ETF has a 52 week low of $35.58 and a 52 week high of $49.94. The firm has a market capitalization of $5.01 billion, a PE ratio of 9.70 and a beta of 0.90. The company’s 50 day moving average is $39.84 and its two-hundred day moving average is $40.29.

Institutional Investors Weigh In On iShares MSCI China ETF

Several institutional investors and hedge funds have recently bought and sold shares of MCHI. 3EDGE Asset Management LP lifted its holdings in shares of iShares MSCI China ETF by 3,234.0% during the 4th quarter. 3EDGE Asset Management LP now owns 1,281,750 shares of the company’s stock worth $52,218,000 after acquiring an additional 1,243,305 shares during the period. Toronto Dominion Bank bought a new stake in iShares MSCI China ETF during the third quarter worth $53,030,000. Elo Mutual Pension Insurance Co acquired a new stake in shares of iShares MSCI China ETF in the 4th quarter valued at $33,835,000. Morningstar Investment Services LLC increased its stake in shares of iShares MSCI China ETF by 98.6% in the 4th quarter. Morningstar Investment Services LLC now owns 1,645,445 shares of the company’s stock valued at $66,575,000 after purchasing an additional 817,094 shares during the last quarter. Finally, Meitav Investment House Ltd. raised its holdings in shares of iShares MSCI China ETF by 71.6% during the 3rd quarter. Meitav Investment House Ltd. now owns 1,719,452 shares of the company’s stock worth $74,391,000 after buying an additional 717,457 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.