iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Stock Price Pass Above 200-Day Moving Average – Here’s Why

iShares MSCI Hong Kong ETF (NYSEARCA:EWH) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.68 and traded as high as $16.99. iShares MSCI Hong Kong ETF shares last traded at $16.92, with a volume of 880,821 shares changing hands.

iShares MSCI Hong Kong ETF Trading Up 0.2 %

The stock’s 50-day simple moving average is $17.48 and its 200-day simple moving average is $16.68.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Citigroup Inc. increased its stake in shares of iShares MSCI Hong Kong ETF by 884.1% in the 3rd quarter. Citigroup Inc. now owns 7,943,387 shares of the exchange traded fund’s stock worth $148,224,000 after purchasing an additional 7,136,219 shares in the last quarter. Main Management ETF Advisors LLC grew its holdings in iShares MSCI Hong Kong ETF by 55.3% during the 2nd quarter. Main Management ETF Advisors LLC now owns 517,770 shares of the exchange traded fund’s stock valued at $7,922,000 after buying an additional 184,320 shares in the last quarter. Barings LLC lifted its position in iShares MSCI Hong Kong ETF by 10.2% during the second quarter. Barings LLC now owns 479,046 shares of the exchange traded fund’s stock valued at $7,329,000 after purchasing an additional 44,269 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of iShares MSCI Hong Kong ETF by 23.1% in the 3rd quarter. Jane Street Group LLC now owns 362,719 shares of the exchange traded fund’s stock valued at $6,768,000 after purchasing an additional 68,088 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in iShares MSCI Hong Kong ETF by 5.5% during the third quarter. Raymond James & Associates now owns 306,078 shares of the exchange traded fund’s stock worth $5,711,000 after buying an additional 16,006 shares during the period. Hedge funds and other institutional investors own 50.59% of the company’s stock.

About iShares MSCI Hong Kong ETF

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index (the Index).