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

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 2,955 shares, a drop of 88.8% from the April 30th total of 26,268 shares. Based on an average daily trading volume, of 17,710 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

iShares JPX-Nikkei 400 ETF Stock Performance

Shares of iShares JPX-Nikkei 400 ETF stock traded up $0.40 during mid-day trading on Friday, hitting $100.06. 9,271 shares of the stock were exchanged, compared to its average volume of 48,944. iShares JPX-Nikkei 400 ETF has a 12 month low of $76.19 and a 12 month high of $101.21. The company has a 50-day simple moving average of $95.41 and a 200 day simple moving average of $92.58. The company has a market capitalization of $150.09 million, a P/E ratio of 14.59 and a beta of 0.64.

Hedge Funds Weigh In On iShares JPX-Nikkei 400 ETF

Several hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its position in shares of iShares JPX-Nikkei 400 ETF by 32.8% during the 1st quarter. Jane Street Group LLC now owns 91,084 shares of the company’s stock worth $6,647,000 after buying an additional 22,488 shares in the last quarter. Flow Traders U.S. LLC raised its holdings in shares of iShares JPX-Nikkei 400 ETF by 12.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 84,389 shares of the company’s stock worth $7,193,000 after purchasing an additional 9,135 shares during the period. Citadel Advisors LLC bought a new stake in shares of iShares JPX-Nikkei 400 ETF in the 3rd quarter worth approximately $2,746,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares JPX-Nikkei 400 ETF in the 4th quarter worth approximately $1,729,000. Finally, Bank of America Corp DE raised its holdings in shares of iShares JPX-Nikkei 400 ETF by 36.0% in 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 period.

About iShares JPX-Nikkei 400 ETF

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.