iShares MSCI Japan ETF (NYSEARCA:EWJ – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 12,555,035 shares, an increase of 184.8% from the May 14th total of 4,408,490 shares. Approximately 5.4% of the company’s stock are sold short. Based on an average trading volume of 5,282,747 shares, the days-to-cover ratio is currently 2.4 days.
Hedge Funds Weigh In On iShares MSCI Japan ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vinland Capital Management Gestora de Recursos LTDA. acquired a new position in iShares MSCI Japan ETF during the fourth quarter valued at approximately $25,000. Hantz Financial Services Inc. acquired a new position in iShares MSCI Japan ETF during the third quarter valued at approximately $26,000. Game Plan Financial Advisors LLC acquired a new position in iShares MSCI Japan ETF during the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC acquired a new position in iShares MSCI Japan ETF during the third quarter valued at approximately $26,000. Finally, Western Wealth Management LLC acquired a new position in iShares MSCI Japan ETF during the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 64.60% of the company’s stock.
iShares MSCI Japan ETF Price Performance
EWJ traded up $0.50 during midday trading on Friday, hitting $92.68. 2,599,431 shares of the company’s stock traded hands, compared to its average volume of 8,825,789. The company has a market cap of $21.73 billion, a PE ratio of 14.63 and a beta of 0.68. The stock’s fifty day simple moving average is $90.05 and its 200-day simple moving average is $86.91. iShares MSCI Japan ETF has a one year low of $71.09 and a one year high of $94.28.
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.
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