iShares MSCI Japan ETF (NYSEARCA:EWJ) Sees Significant Decline in Short Interest

iShares MSCI Japan ETF (NYSEARCA:EWJ) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,114,944 shares, a drop of 35.9% from the August 31st total of 6,420,164 shares. Based on an average daily volume of 3,555,533 shares, the short-interest ratio is presently 1.2 days. Currently, 1.7% of the company’s shares are short sold.

iShares MSCI Japan ETF Trading Up 1.0%

NYSEARCA EWJ opened at $97.46 on Thursday. The stock has a market cap of $23.38 billion, a PE ratio of 14.63 and a beta of 0.69. iShares MSCI Japan ETF has a 12 month low of $78.21 and a 12 month high of $99.01. The company’s 50-day moving average price is $95.84 and its 200-day moving average price is $92.17.

Institutional Investors Weigh In On iShares MSCI Japan ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vinland Capital Management Gestora de Recursos LTDA. purchased a new position in shares of iShares MSCI Japan ETF during the fourth quarter valued at $25,000. Western Wealth Management LLC purchased a new stake in shares of iShares MSCI Japan ETF in the 1st quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new position in iShares MSCI Japan ETF in the first quarter worth approximately $29,000. MidFirst Bank purchased a new stake in iShares MSCI Japan ETF during the fourth quarter worth $32,000. Finally, Nalls Sherbakoff Group LLC purchased a new stake in iShares MSCI Japan ETF during the fourth quarter worth $40,000. 64.60% of the stock is owned by institutional investors.

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.