iShares MSCI Japan ETF (NYSEARCA:EWJ) Sees Large Increase in Short Interest

iShares MSCI Japan ETF (NYSEARCA:EWJ) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 14,203,634 shares, an increase of 101.1% from the January 15th total of 7,062,521 shares. Based on an average daily volume of 10,064,805 shares, the days-to-cover ratio is currently 1.4 days. Approximately 7.3% of the shares of the company are short sold. Approximately 7.3% of the shares of the company are short sold. Based on an average daily volume of 10,064,805 shares, the days-to-cover ratio is currently 1.4 days.

iShares MSCI Japan ETF Stock Down 0.6%

Shares of iShares MSCI Japan ETF stock opened at $93.37 on Friday. The firm has a market cap of $18.22 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a fifty-two week low of $59.84 and a fifty-two week high of $94.28. The business has a fifty day simple moving average of $84.36 and a 200-day simple moving average of $81.88.

Institutional Investors Weigh In On iShares MSCI Japan ETF

Hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC raised its stake in iShares MSCI Japan ETF by 60.6% during the 2nd quarter. Fisher Asset Management LLC now owns 2,677,275 shares of the exchange traded fund’s stock valued at $200,715,000 after purchasing an additional 1,010,345 shares during the period. Johns Hopkins University purchased a new position in shares of iShares MSCI Japan ETF during the second quarter valued at $57,761,000. JPMorgan Chase & Co. lifted its stake in iShares MSCI Japan ETF by 2.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,102,320 shares of the exchange traded fund’s stock worth $2,093,667,000 after acquiring an additional 662,373 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of iShares MSCI Japan ETF during the third quarter worth approximately $50,155,000. Finally, Keewaydin Investments LLC bought a new position in iShares MSCI Japan ETF during the fourth quarter valued at approximately $43,606,000. Hedge funds and other institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Company Profile

iShares MSCI Japan ETF (the fund), formerly Ishares Msci Japan Index 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 Japanese market, as measured by the MSCI Japan Index (the Index). The Index consists of stocks traded primarily on the Tokyo Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.