iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Sees Large Drop in Short Interest

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 328,108 shares, a decline of 35.3% from the December 15th total of 506,804 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 377,577 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 377,577 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.9% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares MSCI Pacific ex Japan ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its holdings in shares of iShares MSCI Pacific ex Japan ETF by 94.6% in the first quarter. Jones Financial Companies Lllp now owns 613 shares of the company’s stock valued at $27,000 after purchasing an additional 298 shares during the period. IFP Advisors Inc raised its holdings in iShares MSCI Pacific ex Japan ETF by 130.7% in the 3rd quarter. IFP Advisors Inc now owns 1,336 shares of the company’s stock worth $69,000 after purchasing an additional 757 shares during the period. Russell Investments Group Ltd. acquired a new stake in iShares MSCI Pacific ex Japan ETF in the 3rd quarter valued at $245,000. SBI Securities Co. Ltd. increased its stake in shares of iShares MSCI Pacific ex Japan ETF by 6.2% during the second quarter. SBI Securities Co. Ltd. now owns 6,167 shares of the company’s stock worth $304,000 after purchasing an additional 358 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in shares of iShares MSCI Pacific ex Japan ETF in the third quarter worth approximately $479,000. 74.75% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Pacific ex Japan ETF Stock Performance

iShares MSCI Pacific ex Japan ETF stock traded down $0.07 during mid-day trading on Friday, hitting $51.81. The company’s stock had a trading volume of 346,856 shares, compared to its average volume of 415,605. iShares MSCI Pacific ex Japan ETF has a one year low of $38.44 and a one year high of $52.72. The company has a 50 day moving average of $50.84 and a 200-day moving average of $50.93. The stock has a market cap of $1.87 billion, a PE ratio of 18.02 and a beta of 0.85.

About iShares MSCI Pacific ex Japan ETF

iShares MSCI Pacific ex Japan ET (the Fund), formerly iShares MSCI Pacific ex-Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Australia, Hong Kong, New Zealand and Singapore markets, as measured by the MSCI Pacific ex-Japan Index (the Index). The Fund invests in a representative sample of securities that collectively has an investment profile similar to the underlying index.