iShares MSCI China ETF (NASDAQ:MCHI) Short Interest Down 20.9% in October

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 7,620,000 shares, a decline of 20.9% from the September 30th total of 9,630,000 shares. Based on an average daily trading volume, of 4,845,800 shares, the short-interest ratio is currently 1.6 days.

iShares MSCI China ETF Price Performance

Shares of MCHI stock traded up $0.13 during trading hours on Friday, hitting $49.85. The company had a trading volume of 2,507,812 shares, compared to its average volume of 4,025,967. The stock has a market capitalization of $6.27 billion, a PE ratio of 10.76 and a beta of 0.49. The company’s fifty day moving average is $46.35 and its 200 day moving average is $44.09. iShares MSCI China ETF has a fifty-two week low of $35.58 and a fifty-two week high of $59.78.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Integrated Advisors Network LLC purchased a new position in shares of iShares MSCI China ETF in the third quarter valued at approximately $256,000. Osborne Partners Capital Management LLC acquired a new stake in iShares MSCI China ETF in the third quarter valued at approximately $238,000. Private Advisor Group LLC lifted its stake in iShares MSCI China ETF by 13.7% in the third quarter. Private Advisor Group LLC now owns 13,834 shares of the company’s stock worth $704,000 after acquiring an additional 1,665 shares during the last quarter. DMC Group LLC acquired a new position in iShares MSCI China ETF during the 3rd quarter worth approximately $232,000. Finally, Blue Trust Inc. raised its holdings in shares of iShares MSCI China ETF by 137.6% in the 3rd quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock valued at $167,000 after purchasing an additional 1,895 shares in the last quarter.

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.