Short Interest in iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Declines By 44.4%

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,760 shares, a decline of 44.4% from the December 15th total of 6,759 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 6,735 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 6,735 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

iShares JPX-Nikkei 400 ETF Stock Performance

Shares of NYSEARCA:JPXN traded up $0.19 during midday trading on Thursday, reaching $91.24. 4,182 shares of the company’s stock were exchanged, compared to its average volume of 11,948. The company’s 50 day simple moving average is $87.71 and its two-hundred day simple moving average is $85.03. iShares JPX-Nikkei 400 ETF has a 12 month low of $64.67 and a 12 month high of $91.79. The firm has a market capitalization of $109.49 million, a PE ratio of 14.59 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JPXN. Citadel Advisors LLC bought a new stake in shares of iShares JPX-Nikkei 400 ETF in the 3rd quarter valued at approximately $2,746,000. Jane Street Group LLC boosted its stake in iShares JPX-Nikkei 400 ETF by 32.8% in the 1st quarter. Jane Street Group LLC now owns 91,084 shares of the company’s stock valued at $6,647,000 after buying an additional 22,488 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in 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 valued at $7,193,000 after buying an additional 9,135 shares in the last quarter. Matthew Goff Investment Advisor LLC bought a new stake in iShares JPX-Nikkei 400 ETF in the fourth quarter valued at $307,000. Finally, Jones Financial Companies Lllp raised its stake in iShares JPX-Nikkei 400 ETF by 61.7% during the third quarter. Jones Financial Companies Lllp now owns 6,927 shares of the company’s stock worth $592,000 after acquiring an additional 2,643 shares in the last quarter.

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.