iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Share Price Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of iShares MSCI Hong Kong ETF (NYSEARCA:EWH) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.72 and traded as low as $16.04. iShares MSCI Hong Kong ETF shares last traded at $16.10, with a volume of 2,563,868 shares.

iShares MSCI Hong Kong ETF Price Performance

The company’s 50-day moving average price is $17.20 and its two-hundred day moving average price is $16.72.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EWH. Barings LLC boosted its holdings in iShares MSCI Hong Kong ETF by 10.2% in the second quarter. Barings LLC now owns 479,046 shares of the exchange traded fund’s stock worth $7,329,000 after purchasing an additional 44,269 shares during the period. Idaho Trust Bank bought a new stake in shares of iShares MSCI Hong Kong ETF during the 2nd quarter valued at about $404,000. Pekin Hardy Strauss Inc. raised its stake in iShares MSCI Hong Kong ETF by 15.4% during the second quarter. Pekin Hardy Strauss Inc. now owns 43,815 shares of the exchange traded fund’s stock worth $670,000 after acquiring an additional 5,850 shares during the period. Hsbc Holdings PLC bought a new position in iShares MSCI Hong Kong ETF in the second quarter worth about $254,000. Finally, Main Management ETF Advisors LLC boosted its stake in iShares MSCI Hong Kong ETF by 55.3% in the second quarter. Main Management ETF Advisors LLC now owns 517,770 shares of the exchange traded fund’s stock valued at $7,922,000 after acquiring an additional 184,320 shares during the period. Institutional investors and hedge funds own 50.59% of the company’s stock.

About iShares MSCI Hong Kong ETF

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index (the Index).