iShares MSCI China A ETF (BATS:CNYA) Sees Significant Increase in Short Interest
by Jessica Moore · The Cerbat GemiShares MSCI China A ETF (BATS:CNYA – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 447,057 shares, an increase of 63.3% from the August 31st total of 273,723 shares. Approximately 6.3% of the company’s shares are sold short. Based on an average daily trading volume, of 27,331 shares, the short-interest ratio is currently 16.4 days.
Institutional Trading of iShares MSCI China A ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in shares of iShares MSCI China A ETF in the first quarter worth $27,000. Royal Bank of Canada boosted its position in iShares MSCI China A ETF by 2.0% during the 1st quarter. Royal Bank of Canada now owns 71,156 shares of the company’s stock valued at $2,433,000 after buying an additional 1,418 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares MSCI China A ETF during the second quarter worth about $178,000. Bank of New York Mellon Corp boosted its holdings in shares of iShares MSCI China A ETF by 14.1% during the first quarter. Bank of New York Mellon Corp now owns 80,493 shares of the company’s stock worth $2,751,000 after purchasing an additional 9,966 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in iShares MSCI China A ETF in the 4th quarter worth approximately $650,000.
iShares MSCI China A ETF Price Performance
Shares of CNYA stock opened at $33.72 on Wednesday. The stock has a market capitalization of $241.10 million, a PE ratio of 14.20 and a beta of 0.33. iShares MSCI China A ETF has a 1-year low of $32.80 and a 1-year high of $38.77. The business has a 50-day moving average of $35.40 and a 200 day moving average of $36.02.
About iShares MSCI China A ETF
The iShares MSCI China A ETF (CNYA) is an exchange-traded fund that is based on the MSCI China A Inclusion index, a market-cap-weighted index of Chinese A-share equities. CNYA was launched on Jun 13, 2016 and is managed by BlackRock.