iShares MSCI Japan ETF (NYSEARCA:EWJ) Sees Significant Drop in Short Interest
by Teresa Graham · The Cerbat GemiShares MSCI Japan ETF (NYSEARCA:EWJ – Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 4,408,490 shares, a drop of 53.2% from the April 30th total of 9,412,690 shares. Based on an average daily trading volume, of 5,450,219 shares, the short-interest ratio is presently 0.8 days. Approximately 1.9% of the shares of the stock are short sold.
iShares MSCI Japan ETF Stock Up 0.3%
Shares of EWJ stock traded up $0.26 on Friday, reaching $92.96. The company’s stock had a trading volume of 5,203,187 shares, compared to its average volume of 8,979,406. iShares MSCI Japan ETF has a 12-month low of $71.09 and a 12-month high of $94.28. The company has a market capitalization of $21.79 billion, a P/E ratio of 14.63 and a beta of 0.68. The stock’s 50 day simple moving average is $88.39 and its 200-day simple moving average is $86.26.
Institutional Investors Weigh In On iShares MSCI Japan ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Angeles Investment Advisors LLC purchased a new stake in iShares MSCI Japan ETF in the third quarter valued at approximately $29,918,000. South Shore Capital Advisors purchased a new stake in iShares MSCI Japan ETF during the fourth quarter valued at about $1,067,000. Blair William & Co. IL raised its position in iShares MSCI Japan ETF by 66.9% during the third quarter. Blair William & Co. IL now owns 52,686 shares of the exchange traded fund’s stock valued at $4,226,000 after purchasing an additional 21,124 shares in the last quarter. Syon Capital LLC raised its position in iShares MSCI Japan ETF by 24.6% during the third quarter. Syon Capital LLC now owns 56,683 shares of the exchange traded fund’s stock valued at $4,547,000 after purchasing an additional 11,175 shares in the last quarter. Finally, Checchi Capital Advisers LLC purchased a new stake in iShares MSCI Japan ETF during the third quarter valued at about $6,029,000. Hedge funds and other institutional investors own 64.60% of the company’s stock.
About iShares MSCI Japan ETF
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.