iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Trading Down 7.8% – What’s Next?

iShares MSCI Hong Kong ETF (NYSEARCA:EWH)’s share price fell 7.8% on Tuesday . The stock traded as low as $18.67 and last traded at $18.76. 1,377,771 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 2,574,250 shares. The stock had previously closed at $20.35.

iShares MSCI Hong Kong ETF Stock Performance

The firm’s 50-day simple moving average is $16.58 and its 200-day simple moving average is $16.19.

Institutional Trading of iShares MSCI Hong Kong ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. OLD Mission Capital LLC lifted its holdings in iShares MSCI Hong Kong ETF by 33.1% in the fourth quarter. OLD Mission Capital LLC now owns 2,041,941 shares of the exchange traded fund’s stock worth $35,469,000 after buying an additional 507,878 shares during the period. Idaho Trust Bank bought a new stake in shares of iShares MSCI Hong Kong ETF during the second quarter valued at approximately $404,000. BNP Paribas Financial Markets boosted its position in shares of iShares MSCI Hong Kong ETF by 559.3% during the first quarter. BNP Paribas Financial Markets now owns 879,787 shares of the exchange traded fund’s stock valued at $13,681,000 after purchasing an additional 746,337 shares in the last quarter. Twin Tree Management LP grew its stake in iShares MSCI Hong Kong ETF by 234,836.8% in the first quarter. Twin Tree Management LP now owns 133,914 shares of the exchange traded fund’s stock worth $2,082,000 after purchasing an additional 133,857 shares during the period. Finally, Jane Street Group LLC raised its holdings in iShares MSCI Hong Kong ETF by 1,870.8% in the first quarter. Jane Street Group LLC now owns 556,353 shares of the exchange traded fund’s stock worth $8,651,000 after purchasing an additional 528,123 shares in the last quarter. 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).