Short Interest in iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Decreases By 88.8%

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 2,955 shares, a drop of 88.8% from the April 30th total of 26,268 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,710 shares, the days-to-cover ratio is presently 0.2 days.

iShares JPX-Nikkei 400 ETF Price Performance

NYSEARCA:JPXN traded up $0.43 during trading hours on Thursday, hitting $99.67. The company’s stock had a trading volume of 14,647 shares, compared to its average volume of 49,317. The stock has a fifty day simple moving average of $95.08 and a 200-day simple moving average of $92.44. The company has a market capitalization of $149.51 million, a P/E ratio of 14.59 and a beta of 0.64. iShares JPX-Nikkei 400 ETF has a twelve month low of $76.19 and a twelve month high of $101.21.

Hedge Funds Weigh In On iShares JPX-Nikkei 400 ETF

Several large investors have recently bought and sold shares of JPXN. Osaic Holdings Inc. raised its position in iShares JPX-Nikkei 400 ETF by 329.9% in the second quarter. Osaic Holdings Inc. now owns 331 shares of the company’s stock valued at $26,000 after purchasing an additional 254 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in iShares JPX-Nikkei 400 ETF in the fourth quarter valued at about $35,000. Royal Bank of Canada raised its position in iShares JPX-Nikkei 400 ETF by 20.6% in 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 last quarter. Raymond James Financial Inc. bought a new position in iShares JPX-Nikkei 400 ETF in the second quarter valued at about $162,000. Finally, Ifrah Financial Services Inc. bought a new position in iShares JPX-Nikkei 400 ETF in the first quarter valued at about $204,000.

iShares JPX-Nikkei 400 ETF Company Profile

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.