iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) Stock Price Up 0.1% – Time to Buy?

iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) shares shot up 0.1% during mid-day trading on Monday . The stock traded as high as $32.36 and last traded at $32.09. 16,119 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 25,014 shares. The stock had previously closed at $32.05.

iShares MSCI China Small-Cap ETF Trading Up 1.8%

The firm has a 50-day moving average of $34.68 and a two-hundred day moving average of $35.48. The firm has a market capitalization of $82.75 million, a P/E ratio of 13.30 and a beta of 0.40.

Institutional Investors Weigh In On iShares MSCI China Small-Cap ETF

A number of hedge funds have recently made changes to their positions in ECNS. Flow Traders U.S. LLC grew its holdings in shares of iShares MSCI China Small-Cap ETF by 274.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 48,960 shares of the company’s stock valued at $1,549,000 after purchasing an additional 35,882 shares during the last quarter. Glenorchy Capital Ltd acquired a new stake in iShares MSCI China Small-Cap ETF in the third quarter valued at approximately $7,185,000. Wealthfront Advisers LLC boosted its position in iShares MSCI China Small-Cap ETF by 27.7% in the third quarter. Wealthfront Advisers LLC now owns 8,394 shares of the company’s stock valued at $331,000 after buying an additional 1,820 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of iShares MSCI China Small-Cap ETF during the third quarter worth $502,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of iShares MSCI China Small-Cap ETF during the third quarter worth $1,184,000.

About iShares MSCI China Small-Cap ETF

The iShares MSCI China Small-Cap ETF (ECNS) is an exchange-traded fund that is based on the MSCI China Small Cap index. The fund tracks an index of small-cap Chinese securities. The fund covers roughly the bottom 14% of Chinese securities by market cap. ECNS was launched on Sep 28, 2010 and is managed by BlackRock.