Short Interest in iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Grows By 152.2%

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 9,166 shares, a growth of 152.2% from the May 31st total of 3,634 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 15,252 shares, the short-interest ratio is presently 0.6 days.

iShares JPX-Nikkei 400 ETF Stock Performance

Shares of NYSEARCA:JPXN opened at $98.62 on Monday. The firm has a market cap of $147.93 million, a PE ratio of 14.59 and a beta of 0.64. The firm’s 50 day simple moving average is $98.16 and its 200-day simple moving average is $94.31. iShares JPX-Nikkei 400 ETF has a one year low of $76.64 and a one year high of $102.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in iShares JPX-Nikkei 400 ETF by 20.6% during the 1st quarter. Royal Bank of Canada now owns 877 shares of the company’s stock worth $80,000 after purchasing an additional 150 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares JPX-Nikkei 400 ETF by 1.3% in the 3rd quarter. Bank of America Corp DE now owns 13,448 shares of the company’s stock worth $1,146,000 after buying an additional 171 shares during the period. Osaic Holdings Inc. grew its position in shares of iShares JPX-Nikkei 400 ETF by 329.9% during the 2nd quarter. Osaic Holdings Inc. now owns 331 shares of the company’s stock worth $26,000 after buying an additional 254 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of iShares JPX-Nikkei 400 ETF during the 4th quarter worth $35,000. Finally, UBS Group AG increased its stake in shares of iShares JPX-Nikkei 400 ETF by 6.6% during the third quarter. UBS Group AG now owns 7,946 shares of the company’s stock valued at $677,000 after buying an additional 492 shares during the period.

About iShares JPX-Nikkei 400 ETF

iShares Japan Large-Cap ETF (the Fund), formerly iShares S&P/TOPIX 150 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P/TOPIX 150 (the Index). The Index is comprised of approximately 70% of the market value of the Japanese equity market. Components primarily include consumer discretionary, financial and industrials companies. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.