China Growth Luring Money to Stock ETF as Bears Backpedal: ChartBy
The largest U.S. exchange-traded fund investing in Chinese stocks is growing bigger as short interest recedes after faster-than-expected growth eased concern about a hard landing in the world’s second-largest economy. About 1.4 percent of the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF was sold short as of Sept. 9, down from almost 4 percent in mid-July before data showed second-quarter gross domestic product expanded 6.7 percent. Investors have added $77.2 million to the fund in the past four weeks.
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