iShares MSCI Japan ETF (NYSEARCA:EWJ) Shares Shorted: Short Interest Down 35.9% in September

iShares MSCI Japan ETF (NYSEARCA:EWJ) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 4,114,944 shares, a drop of 35.9% from the August 31st total of 6,420,164 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 3,555,533 shares, the days-to-cover ratio is presently 1.2 days.

iShares MSCI Japan ETF Stock Up 1.6%

iShares MSCI Japan ETF stock traded up $1.57 during trading on Friday, reaching $98.95. The stock had a trading volume of 918,137 shares, compared to its average volume of 6,983,594. iShares MSCI Japan ETF has a 52-week low of $78.21 and a 52-week high of $99.19. The stock has a market cap of $23.73 billion, a PE ratio of 14.63 and a beta of 0.69. The business has a 50 day moving average price of $95.96 and a 200 day moving average price of $92.27.

Hedge Funds Weigh In On iShares MSCI Japan ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in iShares MSCI Japan ETF by 612,227.5% during the 1st quarter. Fifth Third Bancorp now owns 244,931 shares of the exchange traded fund’s stock worth $20,682,000 after purchasing an additional 244,891 shares during the period. Lifeworks Advisors LLC increased its stake in iShares MSCI Japan ETF by 34.5% in the first quarter. Lifeworks Advisors LLC now owns 31,367 shares of the exchange traded fund’s stock valued at $2,649,000 after purchasing an additional 8,048 shares during the period. Concurrent Investment Advisors LLC increased its stake in iShares MSCI Japan ETF by 1,048.8% in the second quarter. Concurrent Investment Advisors LLC now owns 101,087 shares of the exchange traded fund’s stock valued at $9,428,000 after purchasing an additional 92,288 shares during the period. Parallel Advisors LLC increased its stake in iShares MSCI Japan ETF by 72.4% in the fourth quarter. Parallel Advisors LLC now owns 13,850 shares of the exchange traded fund’s stock valued at $1,118,000 after purchasing an additional 5,817 shares during the period. Finally, Purpose Unlimited Inc. purchased a new stake in shares of iShares MSCI Japan ETF in the fourth quarter valued at about $9,717,000. Institutional investors and hedge funds own 64.60% of the company’s stock.

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.