iShares MSCI China ETF (MCHI) Short Interest Down 30.2% in September

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iShares MSCI China ETF (NASDAQ:MCHI) saw a large decrease in short interest in the month of September. As of September 28th, there was short interest totalling 3,173,250 shares, a decrease of 30.2% from the September 14th total of 4,547,245 shares. Based on an average daily volume of 4,311,409 shares, the days-to-cover ratio is presently 0.7 days.

Shares of MCHI stock opened at $55.07 on Friday. iShares MSCI China ETF has a 52-week low of $52.37 and a 52-week high of $76.72.

Hedge funds have recently modified their holdings of the company. LVM Capital Management Ltd. MI raised its holdings in shares of iShares MSCI China ETF by 5.3% in the 3rd quarter. LVM Capital Management Ltd. MI now owns 62,945 shares of the company’s stock valued at $3,770,000 after purchasing an additional 3,150 shares during the period. Morgan Stanley raised its holdings in shares of iShares MSCI China ETF by 428.9% in the 2nd quarter. Morgan Stanley now owns 2,008,502 shares of the company’s stock valued at $129,750,000 after purchasing an additional 1,628,759 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of iShares MSCI China ETF by 32.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 327,000 shares of the company’s stock valued at $21,124,000 after purchasing an additional 80,500 shares during the period. Northstar Group Inc. bought a new stake in shares of iShares MSCI China ETF in the 2nd quarter valued at about $517,000. Finally, Bank of America Corp DE raised its holdings in shares of iShares MSCI China ETF by 20.3% in the 2nd quarter. Bank of America Corp DE now owns 973,631 shares of the company’s stock valued at $62,896,000 after purchasing an additional 163,993 shares during the period.

About iShares MSCI China ETF

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.

Further Reading: Short Selling Stocks, A Beginner’s Guide

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