iShares MSCI Chile ETF (BATS:ECH) Sets New 52-Week Low – What’s Next?

iShares MSCI Chile ETF (BATS:ECH) hit a new 52-week low during trading on Monday . The company traded as low as $25.48 and last traded at $28.65, with a volume of 130335 shares trading hands. The stock had previously closed at $25.43.

iShares MSCI Chile ETF Stock Performance

The firm has a 50 day moving average price of $26.45 and a two-hundred day moving average price of $26.16. The company has a market cap of $628.58 million, a P/E ratio of 4.69 and a beta of 0.85.

Hedge Funds Weigh In On iShares MSCI Chile ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Trading LLC raised its stake in shares of iShares MSCI Chile ETF by 12.6% during the 4th quarter. Wolverine Trading LLC now owns 9,713 shares of the company’s stock valued at $243,000 after purchasing an additional 1,089 shares during the period. LMR Partners LLP purchased a new stake in shares of iShares MSCI Chile ETF during the 4th quarter valued at $54,000. D. E. Shaw & Co. Inc. lifted its stake in iShares MSCI Chile ETF by 60.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 12,161 shares of the company’s stock worth $304,000 after purchasing an additional 4,577 shares during the last quarter. Jane Street Group LLC lifted its position in iShares MSCI Chile ETF by 226.7% in the 4th quarter. Jane Street Group LLC now owns 269,198 shares of the company’s stock worth $6,741,000 after buying an additional 186,791 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new stake in shares of iShares MSCI Chile ETF in the 4th quarter valued at $562,000.

iShares MSCI Chile ETF Company Profile

iShares MSCI Chile Capped ETF, formerly iShares MSCI Chile Capped Investable Market Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance of the MSCI Chile Investable Market Index (the Index). The Index is a free float-adjusted market capitalization index that is designed to measure broad based equity market performance in Chile.