iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) Shares Down 0.2% – Time to Sell?

iShares MSCI China Small-Cap ETF (NYSEARCA:ECNSGet Free Report) were down 0.2% during trading on Tuesday . The company traded as low as $34.75 and last traded at $34.76. Approximately 8,320 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 16,749 shares. The stock had previously closed at $34.83.

iShares MSCI China Small-Cap ETF Stock Performance

The business’s fifty day moving average is $34.45 and its two-hundred day moving average is $35.97. The company has a market cap of $93.85 million, a P/E ratio of 13.30 and a beta of 0.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ECNS. Susquehanna International Group LLP raised its position in iShares MSCI China Small-Cap ETF by 1,454.6% during the 3rd quarter. Susquehanna International Group LLP now owns 238,579 shares of the company’s stock valued at $9,414,000 after purchasing an additional 223,232 shares in the last quarter. Glenorchy Capital Ltd purchased a new position in shares of iShares MSCI China Small-Cap ETF during the third quarter valued at $7,185,000. Jane Street Group LLC bought a new stake in shares of iShares MSCI China Small-Cap ETF in the first quarter valued at about $1,407,000. Flow Traders U.S. LLC lifted its stake in iShares MSCI China Small-Cap ETF by 274.4% in the second quarter. Flow Traders U.S. LLC now owns 48,960 shares of the company’s stock worth $1,549,000 after acquiring an additional 35,882 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in iShares MSCI China Small-Cap ETF during the 3rd quarter worth about $1,184,000.

About iShares MSCI China Small-Cap ETF

(Get Free Report)

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.

Further Reading

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