iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) Shares Up 0.2% – Time to Buy?
by Kim Johansen · The Markets DailyiShares MSCI China Small-Cap ETF (NYSEARCA:ECNS – Get Free Report) shot up 0.2% during trading on Friday . The company traded as high as $30.75 and last traded at $30.68. 21,811 shares traded hands during trading, a decline of 0% from the average session volume of 21,869 shares. The stock had previously closed at $30.61.
iShares MSCI China Small-Cap ETF Trading Up 0.2%
The stock has a market capitalization of $75.17 million, a P/E ratio of 13.30 and a beta of 0.38. The stock’s 50 day simple moving average is $32.77 and its 200 day simple moving average is $33.87.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP boosted its stake 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 acquiring an additional 223,232 shares during the last quarter. Glenorchy Capital Ltd boosted its stake in iShares MSCI China Small-Cap ETF by 1.7% during the 4th quarter. Glenorchy Capital Ltd now owns 185,154 shares of the company’s stock valued at $6,066,000 after acquiring an additional 3,078 shares during the last quarter. OLD Mission Capital LLC boosted its stake in iShares MSCI China Small-Cap ETF by 767.1% during the 4th quarter. OLD Mission Capital LLC now owns 77,099 shares of the company’s stock valued at $2,526,000 after acquiring an additional 68,207 shares during the last quarter. Bank of America Corp DE boosted its stake in iShares MSCI China Small-Cap ETF by 68.5% during the 3rd quarter. Bank of America Corp DE now owns 71,332 shares of the company’s stock valued at $2,815,000 after acquiring an additional 28,999 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in iShares MSCI China Small-Cap ETF during the 1st quarter valued at $1,407,000.
iShares MSCI China Small-Cap ETF Company Profile
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.