iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) Trading 8.7% Higher

iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS)’s stock price shot up 8.7% during trading on Thursday . The stock traded as high as $26.08 and last traded at $25.90. 115,385 shares traded hands during trading, an increase of 672% from the average session volume of 14,946 shares. The stock had previously closed at $23.84.

iShares MSCI China Small-Cap ETF Price Performance

The stock has a market capitalization of $58.58 million, a P/E ratio of 5.27 and a beta of 0.75. The firm’s 50 day moving average price is $22.60 and its 200 day moving average price is $23.96.

Institutional Investors Weigh In On iShares MSCI China Small-Cap ETF

An institutional investor recently bought a new position in iShares MSCI China Small-Cap ETF stock. Simplex Trading LLC purchased a new stake in shares of iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,479 shares of the company’s stock, valued at approximately $394,000. Simplex Trading LLC owned about 0.75% of iShares MSCI China Small-Cap ETF as of its most recent SEC filing.

About iShares MSCI China Small-Cap ETF

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.