Short Interest in iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) Grows By 170.3%

iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,164,237 shares, a growth of 170.3% from the April 30th total of 430,768 shares. Based on an average daily volume of 607,350 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.3% of the shares of the stock are sold short.

iShares MSCI All Country Asia ex Japan ETF Stock Up 0.1%

NASDAQ:AAXJ traded up $0.10 during trading hours on Friday, hitting $119.06. 625,035 shares of the stock traded hands, compared to its average volume of 951,708. iShares MSCI All Country Asia ex Japan ETF has a 1 year low of $77.02 and a 1 year high of $119.96. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 15.30 and a beta of 0.70. The stock has a 50 day moving average price of $107.04 and a 200 day moving average price of $100.74.

Hedge Funds Weigh In On iShares MSCI All Country Asia ex Japan ETF

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in shares of iShares MSCI All Country Asia ex Japan ETF in the third quarter worth $142,000. Jones Financial Companies Lllp lifted its holdings in shares of iShares MSCI All Country Asia ex Japan ETF by 199.7% in the third quarter. Jones Financial Companies Lllp now owns 1,942 shares of the exchange traded fund’s stock worth $175,000 after buying an additional 1,294 shares in the last quarter. Saranac Partners Ltd purchased a new position in shares of iShares MSCI All Country Asia ex Japan ETF in the third quarter worth $228,000. Glenmede Trust Co. NA lifted its holdings in shares of iShares MSCI All Country Asia ex Japan ETF by 5.4% in the first quarter. Glenmede Trust Co. NA now owns 8,243 shares of the exchange traded fund’s stock worth $794,000 after buying an additional 422 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of iShares MSCI All Country Asia ex Japan ETF by 42.0% in the second quarter. BNP Paribas Financial Markets now owns 10,534 shares of the exchange traded fund’s stock worth $870,000 after buying an additional 3,115 shares in the last quarter.

About iShares MSCI All Country Asia ex Japan ETF

iShares MSCI All Country Asia ex Japan ETF (the Fund), formerly The iShares MSCI All Country Asia ex Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, of the MSCI All Country Asia ex Japan Index (the Index). The Index is a free-float adjusted market capitalization index designed to measure equity market performance of the 12 countries, such as Australia, China, Honk Kong, India, Indonesia, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan and Thailand.