Short Interest in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Drops By 36.9%

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 11,800 shares, a drop of 36.9% from the February 13th total of 18,700 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average trading volume of 19,900 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On iShares MSCI China Multisector Tech ETF

An institutional investor recently bought a new position in iShares MSCI China Multisector Tech ETF stock. OLD Mission Capital LLC bought a new stake in shares of iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,743 shares of the company’s stock, valued at approximately $338,000. OLD Mission Capital LLC owned approximately 4.69% of iShares MSCI China Multisector Tech ETF at the end of the most recent quarter.

iShares MSCI China Multisector Tech ETF Price Performance

iShares MSCI China Multisector Tech ETF stock traded up $0.57 during trading hours on Friday, reaching $21.68. The stock had a trading volume of 36,008 shares, compared to its average volume of 9,324. The stock has a market cap of $15.18 million, a PE ratio of 19.79 and a beta of 0.47. iShares MSCI China Multisector Tech ETF has a 52 week low of $14.63 and a 52 week high of $22.58. The company has a fifty day simple moving average of $19.61 and a 200-day simple moving average of $18.49.

iShares MSCI China Multisector Tech ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $0.3793 dividend. The ex-dividend date was Tuesday, December 17th.

iShares MSCI China Multisector Tech ETF Company Profile

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.