iShares China Large-Cap ETF (FXI) Sees Large Drop in Short Interest

iShares China Large-Cap ETF (NYSEARCA:FXI) was the recipient of a large decrease in short interest during the month of September. As of September 28th, there was short interest totalling 22,291,672 shares, a decrease of 18.4% from the September 14th total of 27,315,958 shares. Based on an average trading volume of 28,042,539 shares, the days-to-cover ratio is currently 0.8 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FXI. Credit Agricole S A acquired a new stake in shares of iShares China Large-Cap ETF in the 2nd quarter valued at approximately $103,000. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares China Large-Cap ETF in the 2nd quarter valued at approximately $111,000. Global Retirement Partners LLC acquired a new stake in shares of iShares China Large-Cap ETF in the 3rd quarter valued at approximately $112,000. Contravisory Investment Management Inc. acquired a new stake in shares of iShares China Large-Cap ETF in the 2nd quarter valued at approximately $114,000. Finally, First Republic Investment Management Inc. acquired a new stake in shares of iShares China Large-Cap ETF in the 2nd quarter valued at approximately $207,000.

NYSEARCA FXI opened at $39.75 on Thursday. iShares China Large-Cap ETF has a 12 month low of $38.64 and a 12 month high of $54.00.

About iShares China Large-Cap ETF

iShares China Large-Cap ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index (the Underlying Index). The Fund’s portfolio of sectors include Financials, Telecommunication, Oil & gas, Technology and Consumer goods.

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