iShares MSCI Chile ETF (BATS:ECH) Hits New 1-Year Low – What’s Next?

iShares MSCI Chile ETF (BATS:ECH) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $26.18 and last traded at $26.44, with a volume of 140402 shares traded. The stock had previously closed at $26.31.

iShares MSCI Chile ETF Price Performance

The company has a market capitalization of $575.52 million, a P/E ratio of 4.69 and a beta of 0.85. The business has a 50-day moving average of $26.27 and a 200-day moving average of $26.72.

Hedge Funds Weigh In On iShares MSCI Chile ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. AlphaCentric Advisors LLC purchased a new position in shares of iShares MSCI Chile ETF in the second quarter valued at $37,000. SG Americas Securities LLC acquired a new position in iShares MSCI Chile ETF during the first quarter worth about $185,000. Mount Lucas Management LP purchased a new stake in shares of iShares MSCI Chile ETF in the second quarter valued at about $244,000. Renaissance Technologies LLC acquired a new stake in shares of iShares MSCI Chile ETF in the second quarter valued at approximately $264,000. Finally, Florin Court Capital LLP purchased a new position in shares of iShares MSCI Chile ETF during the 2nd quarter worth approximately $511,000.

About iShares MSCI Chile ETF

iShares MSCI Chile Capped ETF, formerly iShares MSCI Chile Capped Investable Market Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance of the MSCI Chile Investable Market Index (the Index). The Index is a free float-adjusted market capitalization index that is designed to measure broad based equity market performance in Chile.