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

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 69,881 shares, a decrease of 55.1% from the June 15th total of 155,664 shares. Based on an average daily volume of 17,826 shares, the short-interest ratio is currently 3.9 days. Approximately 3.7% of the company’s shares are short sold.

iShares MSCI China Multisector Tech ETF Stock Performance

TCHI stock traded up $0.46 during trading on Tuesday, hitting $24.80. 1,270 shares of the company traded hands, compared to its average volume of 20,913. The company has a 50-day moving average of $25.18 and a 200-day moving average of $24.04. iShares MSCI China Multisector Tech ETF has a 1 year low of $20.38 and a 1 year high of $27.50. The firm has a market capitalization of $47.12 million, a PE ratio of 17.30 and a beta of 0.62.

iShares MSCI China Multisector Tech ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.0789 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI China Multisector Tech ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada bought a new position in shares of iShares MSCI China Multisector Tech ETF during the fourth quarter valued at about $32,000. Osaic Holdings Inc. grew its stake in shares of iShares MSCI China Multisector Tech ETF by 10,956.2% in the second quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock worth $35,000 after purchasing an additional 1,753 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in iShares MSCI China Multisector Tech ETF during the 4th quarter valued at about $152,000. GWN Securities Inc. purchased a new position in iShares MSCI China Multisector Tech ETF during the 4th quarter valued at about $278,000. Finally, Jane Street Group LLC bought a new position in iShares MSCI China Multisector Tech ETF during the 2nd quarter valued at approximately $328,000.

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.