Short Interest in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Drops By 92.1%

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 8,800 shares, a decrease of 92.1% from the September 30th total of 111,200 shares. Based on an average daily volume of 30,800 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 30,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of iShares MSCI China Multisector Tech ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares MSCI China Multisector Tech ETF during the 1st quarter valued at $4,137,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI China Multisector Tech ETF during the 2nd quarter valued at $1,281,000. Jane Street Group LLC purchased a new stake in shares of iShares MSCI China Multisector Tech ETF during the second quarter valued at $328,000. Finally, Osaic Holdings Inc. grew its holdings in shares of iShares MSCI China Multisector Tech ETF by 10,956.3% during the second quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock valued at $35,000 after buying an additional 1,753 shares during the last quarter.

iShares MSCI China Multisector Tech ETF Trading Up 2.1%

Shares of TCHI opened at $26.22 on Tuesday. iShares MSCI China Multisector Tech ETF has a 12 month low of $15.76 and a 12 month high of $27.50. The stock has a fifty day moving average price of $24.89 and a 200-day moving average price of $21.43. The firm has a market cap of $44.57 million, a PE ratio of 17.30 and a beta of 0.53.

About iShares MSCI China Multisector Tech ETF

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.