iShares MSCI Japan Value ETF (NASDAQ:EWJV) Short Interest Up 685.7% in May

iShares MSCI Japan Value ETF (NASDAQ:EWJV) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 480,861 shares, a growth of 685.7% from the May 14th total of 61,199 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 108,227 shares, the days-to-cover ratio is currently 4.4 days.

Institutional Investors Weigh In On iShares MSCI Japan Value ETF

Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in iShares MSCI Japan Value ETF during the fourth quarter valued at about $37,000. Wells Fargo & Company MN lifted its holdings in iShares MSCI Japan Value ETF by 96,700.0% during the fourth quarter. Wells Fargo & Company MN now owns 968 shares of the company’s stock valued at $38,000 after purchasing an additional 967 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares MSCI Japan Value ETF by 72.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,022 shares of the company’s stock valued at $40,000 after purchasing an additional 429 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in iShares MSCI Japan Value ETF during the first quarter valued at about $44,000. Finally, Western Wealth Management LLC purchased a new stake in iShares MSCI Japan Value ETF during the first quarter valued at about $150,000.

iShares MSCI Japan Value ETF Trading Down 0.9%

Shares of NASDAQ:EWJV traded down $0.42 during midday trading on Wednesday, reaching $44.34. The company had a trading volume of 33,749 shares, compared to its average volume of 221,869. The company’s 50 day moving average price is $44.16 and its 200 day moving average price is $42.86. The stock has a market cap of $749.35 million, a P/E ratio of 10.93 and a beta of 0.46. iShares MSCI Japan Value ETF has a 52-week low of $33.50 and a 52-week high of $47.69.

About iShares MSCI Japan Value ETF

The iShares MSCI Japan Value ETF (EWJV) is an exchange-traded fund that is based on the MSCI Japan Value index. The fund tracks a multi-factor-selected, market cap-weighted portfolio of Japanese equities. EWJV was launched on Mar 5, 2019 and is managed by BlackRock.