iShares MSCI Japan ETF (NYSEARCA:EWJ – Get Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 4,930,125 shares, a decline of 47.3% from the June 15th total of 9,350,498 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 5,532,447 shares, the short-interest ratio is presently 0.9 days.
Hedge Funds Weigh In On iShares MSCI Japan ETF
A number of hedge funds have recently made changes to their positions in the business. South Shore Capital Advisors acquired a new position in shares of iShares MSCI Japan ETF during the fourth quarter valued at $1,067,000. Fifth Third Bancorp increased its holdings in shares of iShares MSCI Japan ETF by 612,227.5% in the 1st quarter. Fifth Third Bancorp now owns 244,931 shares of the exchange traded fund’s stock worth $20,682,000 after acquiring an additional 244,891 shares during the period. Ascent Group LLC bought a new stake in iShares MSCI Japan ETF in the 4th quarter valued at about $2,515,000. Walkner Condon Financial Advisors LLC boosted its stake in iShares MSCI Japan ETF by 31.6% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 97,481 shares of the exchange traded fund’s stock valued at $7,871,000 after purchasing an additional 23,434 shares during the period. Finally, Mutual Advisors LLC bought a new position in iShares MSCI Japan ETF in the 4th quarter worth about $685,000. Hedge funds and other institutional investors own 64.60% of the company’s stock.
iShares MSCI Japan ETF Stock Performance
EWJ traded down $0.72 on Wednesday, reaching $93.17. 3,365,785 shares of the company’s stock were exchanged, compared to its average volume of 8,299,267. iShares MSCI Japan ETF has a twelve month low of $71.51 and a twelve month high of $97.52. The company’s 50 day moving average is $92.81 and its 200-day moving average is $88.76. The company has a market cap of $22.18 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68.
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.
Featured Stories
- Five stocks we like better than iShares MSCI Japan ETF
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
- 2 Quantum Stocks That Could Challenge IonQ’s Leadership
- Plot Twist: 12 States Could Stall the Paramount-Warner Bros. Discovery Mega-Merger
Receive News & Ratings for iShares MSCI Japan ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Japan ETF and related companies with MarketBeat.com's FREE daily email newsletter.
