Short Interest in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Declines By 54.4%

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHIGet Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 6,700 shares, a drop of 54.4% from the January 15th total of 14,700 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is presently 1.1 days.

iShares MSCI China Multisector Tech ETF Stock Performance

NASDAQ TCHI traded up $0.30 during trading hours on Monday, reaching $15.27. The stock had a trading volume of 1,780 shares, compared to its average volume of 8,841. The stock has a fifty day moving average of $15.92 and a 200 day moving average of $16.93. The stock has a market cap of $6.11 million, a P/E ratio of 13.76 and a beta of 0.33. iShares MSCI China Multisector Tech ETF has a 52-week low of $14.00 and a 52-week high of $20.80.

iShares MSCI China Multisector Tech ETF Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, December 27th. Shareholders of record on Thursday, December 21st were given a dividend of $0.663 per share. This is an increase from iShares MSCI China Multisector Tech ETF’s previous Semi-Annual dividend of $0.06. The ex-dividend date of this dividend was Wednesday, December 20th.

Hedge Funds Weigh In On iShares MSCI China Multisector Tech ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG grew its holdings in iShares MSCI China Multisector Tech ETF by 132.0% during the second quarter. UBS Group AG now owns 1,522 shares of the company’s stock worth $33,000 after acquiring an additional 866 shares during the period. Brookstone Capital Management purchased a new position in iShares MSCI China Multisector Tech ETF during the fourth quarter valued at approximately $189,000. Jane Street Group LLC purchased a new position in iShares MSCI China Multisector Tech ETF during the first quarter valued at approximately $355,000. Finally, BlackRock Inc. purchased a new position in iShares MSCI China Multisector Tech ETF during the first quarter valued at approximately $6,091,000.

iShares MSCI China Multisector Tech ETF Company Profile

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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.

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