iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN – Get Free Report) saw a large growth in short interest in the month of 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. Based on an average daily volume of 15,252 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the company’s shares are sold short.
iShares JPX-Nikkei 400 ETF Price Performance
Shares of NYSEARCA:JPXN opened at $98.62 on Monday. iShares JPX-Nikkei 400 ETF has a 1 year low of $76.64 and a 1 year high of $102.69. The business has a 50 day simple moving average of $98.16 and a two-hundred day simple moving average of $94.31. The firm has a market capitalization of $147.93 million, a PE ratio of 14.59 and a beta of 0.64.
Hedge Funds Weigh In On iShares JPX-Nikkei 400 ETF
A number of large investors have recently bought and sold shares of JPXN. Bank of America Corp DE increased its stake in iShares JPX-Nikkei 400 ETF by 36.0% in the first quarter. Bank of America Corp DE now owns 18,141 shares of the company’s stock worth $1,658,000 after purchasing an additional 4,803 shares during the period. Royal Bank of Canada boosted its stake in shares of iShares JPX-Nikkei 400 ETF by 20.6% during the first quarter. Royal Bank of Canada now owns 877 shares of the company’s stock valued at $80,000 after purchasing an additional 150 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of iShares JPX-Nikkei 400 ETF during the first quarter valued at $254,000. Ifrah Financial Services Inc. bought a new position in shares of iShares JPX-Nikkei 400 ETF in the first quarter worth about $204,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of iShares JPX-Nikkei 400 ETF in the fourth quarter worth about $977,000.
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.
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