iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Sees Large Drop in Short Interest

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,319 shares, a drop of 95.3% from the October 15th total of 28,179 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 41,769 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On iShares JPX-Nikkei 400 ETF

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of 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. Ferguson Wellman Capital Management Inc. acquired a new stake in iShares JPX-Nikkei 400 ETF during the 1st quarter worth approximately $254,000. Ifrah Financial Services Inc. acquired a new stake in iShares JPX-Nikkei 400 ETF during the 3rd quarter worth approximately $324,000. HighTower Advisors LLC acquired a new stake in iShares JPX-Nikkei 400 ETF during the 3rd quarter worth approximately $405,000. Finally, Bank of America Corp DE lifted its holdings in iShares JPX-Nikkei 400 ETF by 36.0% during the 1st quarter. Bank of America Corp DE now owns 18,141 shares of the company’s stock worth $1,658,000 after purchasing an additional 4,803 shares during the last quarter.

iShares JPX-Nikkei 400 ETF Stock Performance

Shares of JPXN stock traded down $1.28 during midday trading on Tuesday, hitting $98.31. 9,019 shares of the company were exchanged, compared to its average volume of 31,926. iShares JPX-Nikkei 400 ETF has a 52 week low of $83.87 and a 52 week high of $105.69. The firm has a market capitalization of $162.21 million, a P/E ratio of 15.97 and a beta of 0.72. The firm’s 50 day moving average price is $102.74 and its two-hundred day moving average price is $98.72.

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.