iShares MSCI Japan ETF (NYSEARCA:EWJ) Sees Significant Increase in Short Interest

iShares MSCI Japan ETF (NYSEARCA:EWJ) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 11,056,216 shares, an increase of 168.7% from the September 15th total of 4,114,944 shares. Based on an average trading volume of 4,074,791 shares, the days-to-cover ratio is presently 2.7 days. Currently, 4.5% of the company’s shares are short sold.

iShares MSCI Japan ETF Stock Performance

Shares of EWJ stock remained flat at $97.32 during trading hours on Tuesday. 1,896,808 shares of the stock traded hands, compared to its average volume of 6,873,146. The stock has a market cap of $23.68 billion, a price-to-earnings ratio of 14.63 and a beta of 0.71. iShares MSCI Japan ETF has a 1-year low of $79.18 and a 1-year high of $99.98. The business’s 50-day moving average price is $96.98 and its two-hundred day moving average price is $93.07.

Institutional Investors Weigh In On iShares MSCI Japan ETF

Institutional investors have recently bought and sold shares of the stock. Mill Creek Capital Advisors LLC raised its position in iShares MSCI Japan ETF by 2.7% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 5,164 shares of the exchange traded fund’s stock valued at $417,000 after purchasing an additional 134 shares during the period. Patten Group Inc. lifted its stake in shares of iShares MSCI Japan ETF by 3.5% during the first quarter. Patten Group Inc. now owns 4,023 shares of the exchange traded fund’s stock worth $340,000 after purchasing an additional 136 shares in the last quarter. SteelPeak Wealth LLC lifted its stake in shares of iShares MSCI Japan ETF by 1.0% during the first quarter. SteelPeak Wealth LLC now owns 13,669 shares of the exchange traded fund’s stock worth $1,154,000 after purchasing an additional 142 shares in the last quarter. Narus Financial Partners LLC boosted its position in shares of iShares MSCI Japan ETF by 3.4% in the first quarter. Narus Financial Partners LLC now owns 4,625 shares of the exchange traded fund’s stock worth $391,000 after buying an additional 153 shares during the period. Finally, AlTi Global Inc. boosted its position in shares of iShares MSCI Japan ETF by 0.4% in the first quarter. AlTi Global Inc. now owns 38,985 shares of the exchange traded fund’s stock worth $3,292,000 after buying an additional 153 shares during the period. 64.60% of the stock is currently owned by hedge funds and other institutional investors.

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.