iShares MSCI China ETF (NASDAQ:MCHI) Sees Unusually-High Trading Volume

Shares of iShares MSCI China ETF (NASDAQ:MCHI) saw an uptick in trading volume on Friday . 5,016,880 shares traded hands during mid-day trading, an increase of 43% from the previous session’s volume of 3,502,140 shares.The stock last traded at $51.06 and had previously closed at $50.10.

iShares MSCI China ETF Stock Performance

The firm has a market capitalization of $5.73 billion, a PE ratio of 10.76 and a beta of 0.49. The stock’s 50-day simple moving average is $41.92 and its 200-day simple moving average is $42.32.

Institutional Investors Weigh In On iShares MSCI China ETF

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. bought a new stake in iShares MSCI China ETF during the 1st quarter valued at approximately $45,000. New Republic Capital LLC bought a new stake in shares of iShares MSCI China ETF during the first quarter valued at approximately $124,000. 1832 Asset Management L.P. grew its stake in iShares MSCI China ETF by 26.0% in the first quarter. 1832 Asset Management L.P. now owns 4,551 shares of the company’s stock worth $181,000 after purchasing an additional 940 shares during the period. Trexquant Investment LP bought a new position in iShares MSCI China ETF in the fourth quarter worth $200,000. Finally, Prospect Financial Services LLC purchased a new position in iShares MSCI China ETF during the fourth quarter valued at $244,000.

iShares MSCI China ETF Company Profile

iShares MSCI China ETF, formerly iShares MSCI China Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the MSCI China Index (the Underlying Index). The Fund is designed to measure the performance of the top 85% of equity securities by market capitalization in the Chinese equity markets.