iShares MSCI Japan Small-Cap ETF (NYSEARCA:SCJ) Sees Significant Increase in Short Interest

iShares MSCI Japan Small-Cap ETF (NYSEARCA:SCJ) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 173,085 shares, an increase of 236.3% from the May 31st total of 51,469 shares. Based on an average daily volume of 53,937 shares, the days-to-cover ratio is currently 3.2 days. Currently, 7.5% of the shares of the company are short sold.

iShares MSCI Japan Small-Cap ETF Stock Performance

Shares of iShares MSCI Japan Small-Cap ETF stock opened at $105.88 on Friday. iShares MSCI Japan Small-Cap ETF has a 1 year low of $82.83 and a 1 year high of $107.32. The company has a market capitalization of $243.52 million, a P/E ratio of 13.39 and a beta of 0.51. The company’s fifty day moving average is $103.74 and its two-hundred day moving average is $99.87.

Institutional Investors Weigh In On iShares MSCI Japan Small-Cap ETF

Several hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in shares of iShares MSCI Japan Small-Cap ETF by 412.8% during the first quarter. Jones Financial Companies Lllp now owns 5,128 shares of the company’s stock worth $393,000 after buying an additional 4,128 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares MSCI Japan Small-Cap ETF by 169.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,197 shares of the company’s stock valued at $187,000 after acquiring an additional 1,382 shares during the last quarter. Van Berkom & Associates Inc. purchased a new stake in iShares MSCI Japan Small-Cap ETF during the 4th quarter valued at approximately $94,000. Finally, Resolute Advisors LLC lifted its position in iShares MSCI Japan Small-Cap ETF by 15.1% during the 4th quarter. Resolute Advisors LLC now owns 3,893 shares of the company’s stock worth $357,000 after acquiring an additional 510 shares during the period.

About iShares MSCI Japan Small-Cap ETF

The iShares MSCI Japan Small-Cap ETF (SCJ) is an exchange-traded fund that is based on the MSCI Japan Small Cap index, a market-cap-weighted index of small-cap Japanese stocks. SCJ was launched on Dec 20, 2007 and is managed by BlackRock.