Large Outflow of Money Witnessed in iShares MSCI China ETF

iShares MSCI China ETF (MCHI) surged 0.02% during the last session. The last traded price was up 0.01 points at $47.02. The data for the fund flow suggests that the net intraday money flow was $(-9.81) million. The fund value in upticks was recorded to be $5.24 million and in downticks, it was found to be $15.06 million. The up/down ratio for the day was measured to be 0.35. For the week, the shares have seen a percentage change of -0.25%.A block trade of $(-9.54) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0.63 million and that of downticks was $10.17 million. The block tradeoff had the up/down ratio of 0.06.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

iShares MSCI China has dropped 0.55% in the last five trading days, however, the shares have posted positive gains of 7.52% in the last 4 weeks. iShares MSCI China has dropped 0.11% during the last 3-month period . Year-to-Date the stock performance stands at 7.52%. iShares MSCI China ETF (NASDAQ:MCHI) rose 0.02% or 0.01 points on Wednesday and made its way into the gainers of the day. After trading began at $47.29 the stock was seen hitting $47.34 as a peak level and $46.9 as the lowest level. The stock ended up at $47.02. The daily volume was measured at 1,234,548 shares. The 52-week high of the share price is $49.95 and the 52-week low is $35.27. The company has a market cap of $2,201 million.

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