iShares MSCI Japan ETF (NYSEARCA:EWJ – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 4,114,944 shares, a decline of 35.9% from the August 31st total of 6,420,164 shares. Based on an average daily trading volume, of 3,555,533 shares, the short-interest ratio is currently 1.2 days. Approximately 1.7% of the shares of the stock are short sold.
Institutional Investors Weigh In On iShares MSCI Japan ETF
Several institutional investors have recently modified their holdings of the stock. Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in iShares MSCI Japan ETF during the 4th quarter valued at $25,000. Western Wealth Management LLC purchased a new position in shares of iShares MSCI Japan ETF during the 1st quarter worth about $27,000. Darwin Wealth Management LLC bought a new position in iShares MSCI Japan ETF during the 1st quarter valued at about $29,000. MidFirst Bank bought a new stake in iShares MSCI Japan ETF in the fourth quarter worth about $32,000. Finally, Arlington Trust Co LLC boosted its position in shares of iShares MSCI Japan ETF by 61.0% during the second quarter. Arlington Trust Co LLC now owns 483 shares of the exchange traded fund’s stock valued at $45,000 after buying an additional 183 shares during the period. 64.60% of the stock is owned by institutional investors.
iShares MSCI Japan ETF Trading Up 1.0%
Shares of NYSEARCA:EWJ opened at $97.46 on Thursday. iShares MSCI Japan ETF has a 12 month low of $78.21 and a 12 month high of $99.01. The company has a 50-day moving average price of $95.84 and a 200 day moving average price of $92.17. The company has a market cap of $23.38 billion, a price-to-earnings ratio of 14.63 and a beta of 0.69.
About iShares MSCI Japan ETF
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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