iShares MSCI Japan Small-Cap ETF (NYSEARCA:SCJ) Sees Large Decline in Short Interest

iShares MSCI Japan Small-Cap ETF (NYSEARCA:SCJ) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,339 shares, a decline of 96.4% from the June 30th total of 230,879 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 53,934 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On iShares MSCI Japan Small-Cap ETF

Hedge funds have recently made changes to their positions in the business. Resolute Advisors LLC raised its holdings in iShares MSCI Japan Small-Cap ETF by 4.0% in the 1st quarter. Resolute Advisors LLC now owns 4,049 shares of the company’s stock worth $393,000 after purchasing an additional 156 shares in the last quarter. Van Berkom & Associates Inc. bought a new stake in shares of iShares MSCI Japan Small-Cap ETF during the fourth quarter valued at approximately $94,000. JPMorgan Chase & Co. raised its holdings in iShares MSCI Japan Small-Cap ETF by 169.6% in the second quarter. JPMorgan Chase & Co. now owns 2,197 shares of the company’s stock worth $187,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of iShares MSCI Japan Small-Cap ETF by 412.8% in the 1st quarter. Jones Financial Companies Lllp now owns 5,128 shares of the company’s stock worth $393,000 after acquiring an additional 4,128 shares in the last quarter.

iShares MSCI Japan Small-Cap ETF Stock Performance

SCJ stock traded up $1.58 during trading on Friday, hitting $104.66. 72,858 shares of the company traded hands, compared to its average volume of 62,241. iShares MSCI Japan Small-Cap ETF has a 1 year low of $84.75 and a 1 year high of $109.15. The company has a 50-day moving average of $105.23 and a 200-day moving average of $101.78. The firm has a market capitalization of $251.18 million, a PE ratio of 13.39 and a beta of 0.51.

About iShares MSCI Japan Small-Cap ETF

The iShares MSCI Japan Small-Cap ETF (SCJ) is an exchange-traded fund that is based on the MSCI Japan Small Cap index, a market-cap-weighted index of small-cap Japanese stocks. SCJ was launched on Dec 20, 2007 and is managed by BlackRock.