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

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 56,636 shares, a drop of 18.7% from the March 15th total of 69,672 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average trading volume of 26,706 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On iShares MSCI China Multisector Tech ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCHI. Jane Street Group LLC acquired a new stake in iShares MSCI China Multisector Tech ETF in the 2nd quarter valued at about $328,000. Osaic Holdings Inc. boosted its stake in shares of iShares MSCI China Multisector Tech ETF by 10,956.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock valued at $35,000 after purchasing an additional 1,753 shares during the last quarter. Aviso Financial Inc. bought a new position in shares of iShares MSCI China Multisector Tech ETF in the 3rd quarter valued at about $27,000. Arete Wealth Advisors LLC bought a new position in shares of iShares MSCI China Multisector Tech ETF in the 3rd quarter valued at about $2,215,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of iShares MSCI China Multisector Tech ETF in the 4th quarter valued at about $152,000.

iShares MSCI China Multisector Tech ETF Trading Up 1.6%

TCHI opened at $23.45 on Thursday. The stock has a market capitalization of $44.56 million, a PE ratio of 17.30 and a beta of 0.57. iShares MSCI China Multisector Tech ETF has a 1-year low of $17.37 and a 1-year high of $27.50. The firm has a 50-day moving average price of $22.73 and a two-hundred day moving average price of $23.98.

About iShares MSCI China Multisector Tech ETF

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.