iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Sees Large Increase in Short Interest

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 58,200 shares, an increase of 393.2% from the February 28th total of 11,800 shares. Approximately 14.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is presently 1.9 days.

iShares MSCI China Multisector Tech ETF Trading Down 3.2 %

NASDAQ TCHI opened at $20.10 on Friday. iShares MSCI China Multisector Tech ETF has a 1-year low of $14.63 and a 1-year high of $22.58. The company has a 50 day moving average of $20.32 and a 200-day moving average of $18.89. The firm has a market cap of $8.04 million, a price-to-earnings ratio of 19.79 and a beta of 0.33.

Institutional Investors 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 bought a new stake in iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 (SEC).

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.