iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Short Interest Update

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 11,800 shares, a decline of 36.9% from the February 13th total of 18,700 shares. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,900 shares, the days-to-cover ratio is presently 0.6 days.

iShares MSCI China Multisector Tech ETF Stock Performance

NASDAQ TCHI opened at $21.68 on Monday. iShares MSCI China Multisector Tech ETF has a twelve month low of $14.63 and a twelve month high of $22.58. The stock has a market cap of $15.18 million, a price-to-earnings ratio of 19.79 and a beta of 0.47. The firm’s 50 day moving average price is $19.61 and its two-hundred day moving average price is $18.52.

Hedge Funds 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 acquired a new position in shares of iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities and Exchange Commission.

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.