iShares MSCI China ETF (NASDAQ:MCHI) Sees Strong Trading Volume – What’s Next?

Shares of iShares MSCI China ETF (NASDAQ:MCHIGet Free Report) saw unusually-high trading volume on Monday . Approximately 3,172,195 shares were traded during mid-day trading, a decline of 21% from the previous session’s volume of 3,992,113 shares.The stock last traded at $52.51 and had previously closed at $52.64.

iShares MSCI China ETF Price Performance

The stock’s 50-day simple moving average is $44.67 and its two-hundred day simple moving average is $43.43. The firm has a market capitalization of $6.27 billion, a P/E ratio of 10.76 and a beta of 0.49.

Hedge Funds Weigh In On iShares MSCI China ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MCHI. Meitav Investment House Ltd. boosted its position in shares of iShares MSCI China ETF by 80.3% during the second quarter. Meitav Investment House Ltd. now owns 2,861,866 shares of the company’s stock worth $120,663,000 after acquiring an additional 1,275,000 shares during the last quarter. Angeles Investment Advisors LLC purchased a new stake in iShares MSCI China ETF during the second quarter valued at $12,440,000. City of London Investment Management Co. Ltd. raised its stake in iShares MSCI China ETF by 69.5% during the first quarter. City of London Investment Management Co. Ltd. now owns 615,124 shares of the company’s stock valued at $24,439,000 after purchasing an additional 252,243 shares in the last quarter. Elo Mutual Pension Insurance Co raised its stake in iShares MSCI China ETF by 30.4% during the second quarter. Elo Mutual Pension Insurance Co now owns 1,082,669 shares of the company’s stock valued at $45,656,000 after purchasing an additional 252,156 shares in the last quarter. Finally, US Bancorp DE purchased a new stake in iShares MSCI China ETF during the first quarter valued at $5,967,000.

iShares MSCI China ETF Company Profile

(Get Free Report)

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.

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