iShares MSCI Japan Value ETF (NASDAQ:EWJV) Sees Significant Decrease in Short Interest

iShares MSCI Japan Value ETF (NASDAQ:EWJV) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 61,199 shares, a drop of 64.9% from the April 30th total of 174,275 shares. Based on an average trading volume of 355,526 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

iShares MSCI Japan Value ETF Trading Up 0.2%

Shares of EWJV traded up $0.11 during trading hours on Friday, reaching $45.52. 90,308 shares of the company’s stock traded hands, compared to its average volume of 230,243. The stock has a market cap of $769.29 million, a PE ratio of 10.93 and a beta of 0.46. iShares MSCI Japan Value ETF has a 12 month low of $33.50 and a 12 month high of $47.69. The firm’s 50 day simple moving average is $43.65 and its 200-day simple moving average is $42.57.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EWJV. Western Wealth Management LLC bought a new stake in shares of iShares MSCI Japan Value ETF in the 1st quarter valued at about $150,000. Royal Bank of Canada boosted its stake in iShares MSCI Japan Value ETF by 98.5% in the first quarter. Royal Bank of Canada now owns 25,472 shares of the company’s stock valued at $1,087,000 after acquiring an additional 12,637 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in iShares MSCI Japan Value ETF in the first quarter valued at approximately $285,000. Waverly Advisors LLC purchased a new position in iShares MSCI Japan Value ETF in the first quarter worth $2,860,000. Finally, Aldebaran Capital LLC acquired a new position in shares of iShares MSCI Japan Value ETF during the first quarter worth $707,000.

iShares MSCI Japan Value ETF Company Profile

The iShares MSCI Japan Value ETF (EWJV) is an exchange-traded fund that is based on the MSCI Japan Value index. The fund tracks a multi-factor-selected, market cap-weighted portfolio of Japanese equities. EWJV was launched on Mar 5, 2019 and is managed by BlackRock.