Short Interest in iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) Grows By 170.3%

by · The Cerbat Gem

iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,164,237 shares, a growth of 170.3% from the April 30th total of 430,768 shares. Based on an average daily trading volume, of 607,350 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares MSCI All Country Asia ex Japan ETF

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of iShares MSCI All Country Asia ex Japan ETF in the third quarter worth $142,000. Jones Financial Companies Lllp lifted its holdings in shares of iShares MSCI All Country Asia ex Japan ETF by 199.7% in the third quarter. Jones Financial Companies Lllp now owns 1,942 shares of the exchange traded fund’s stock worth $175,000 after buying an additional 1,294 shares in the last quarter. Saranac Partners Ltd purchased a new position in shares of iShares MSCI All Country Asia ex Japan ETF in the third quarter worth $228,000. Glenmede Trust Co. NA lifted its holdings in shares of iShares MSCI All Country Asia ex Japan ETF by 5.4% in the first quarter. Glenmede Trust Co. NA now owns 8,243 shares of the exchange traded fund’s stock worth $794,000 after buying an additional 422 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in iShares MSCI All Country Asia ex Japan ETF by 42.0% during the second quarter. BNP Paribas Financial Markets now owns 10,534 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 3,115 shares in the last quarter.

iShares MSCI All Country Asia ex Japan ETF Price Performance

Shares of AAXJ stock traded up $0.10 during mid-day trading on Friday, hitting $119.06. The company had a trading volume of 625,035 shares, compared to its average volume of 951,708. iShares MSCI All Country Asia ex Japan ETF has a 52-week low of $77.02 and a 52-week high of $119.96. The stock’s 50 day moving average price is $107.04 and its 200-day moving average price is $100.74. The company has a market capitalization of $4.19 billion, a P/E ratio of 15.30 and a beta of 0.70.

About iShares MSCI All Country Asia ex Japan ETF

(Get Free Report)

iShares MSCI All Country Asia ex Japan ETF (the Fund), formerly The iShares MSCI All Country Asia ex Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, of the MSCI All Country Asia ex Japan Index (the Index). The Index is a free-float adjusted market capitalization index designed to measure equity market performance of the 12 countries, such as Australia, China, Honk Kong, India, Indonesia, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan and Thailand.

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