iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 180,345 shares, a growth of 224.0% from the July 30th total of 55,658 shares. Based on an average daily volume of 383,474 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are short sold.
Institutional Trading of iShares MSCI Pacific ex Japan ETF
Several hedge funds and other institutional investors have recently made changes to their positions in EPP. Jones Financial Companies Lllp increased its position in iShares MSCI Pacific ex Japan ETF by 94.6% during the 1st quarter. Jones Financial Companies Lllp now owns 613 shares of the company’s stock worth $27,000 after purchasing an additional 298 shares during the period. Continuum Advisory LLC purchased a new stake in shares of iShares MSCI Pacific ex Japan ETF in the second quarter valued at approximately $97,000. Montecito Bank & Trust acquired a new position in iShares MSCI Pacific ex Japan ETF during the first quarter worth $202,000. Arkadios Wealth Advisors acquired a new position in iShares MSCI Pacific ex Japan ETF during the first quarter worth $218,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in iShares MSCI Pacific ex Japan ETF in the first quarter worth $243,000. Hedge funds and other institutional investors own 74.75% of the company’s stock.
iShares MSCI Pacific ex Japan ETF Stock Down 0.3%
NYSEARCA:EPP traded down $0.20 during midday trading on Thursday, reaching $57.78. The stock had a trading volume of 84,440 shares, compared to its average volume of 414,156. The firm has a fifty day simple moving average of $55.57 and a two-hundred day simple moving average of $55.12. iShares MSCI Pacific ex Japan ETF has a 12-month low of $48.93 and a 12-month high of $58.56. The stock has a market cap of $2.27 billion, a P/E ratio of 18.02 and a beta of 0.78.
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.
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