Short Interest in iShares MSCI Japan ETF (NYSEARCA:EWJ) Rises By 101.1%

iShares MSCI Japan ETF (NYSEARCA:EWJ) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 14,203,634 shares, a growth of 101.1% from the January 15th total of 7,062,521 shares. Approximately 7.3% of the company’s stock are sold short. Based on an average daily volume of 10,064,805 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 10,064,805 shares, the days-to-cover ratio is presently 1.4 days. Approximately 7.3% of the company’s stock are sold short.

iShares MSCI Japan ETF Price Performance

iShares MSCI Japan ETF stock opened at $93.37 on Friday. The stock has a market capitalization of $18.22 billion, a PE ratio of 14.63 and a beta of 0.68. The business has a 50 day simple moving average of $84.36 and a 200-day simple moving average of $81.88. iShares MSCI Japan ETF has a 12 month low of $59.84 and a 12 month high of $94.28.

Institutional Investors Weigh In On iShares MSCI Japan ETF

A number of institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. purchased a new position in shares of iShares MSCI Japan ETF in the 3rd quarter worth about $1,096,000. Angeles Investment Advisors LLC acquired a new position in shares of iShares MSCI Japan ETF in the 3rd quarter worth approximately $29,918,000. Bfsg LLC acquired a new position in shares of iShares MSCI Japan ETF in the 3rd quarter valued at about $5,704,000. Global Retirement Partners LLC bought a new position in shares of iShares MSCI Japan ETF during the second quarter worth about $516,000. Finally, ABC Arbitrage SA lifted its position in iShares MSCI Japan ETF by 12.5% in the 2nd quarter. ABC Arbitrage SA now owns 36,066 shares of the exchange traded fund’s stock valued at $2,704,000 after purchasing an additional 4,017 shares during the last quarter. Hedge funds and other institutional investors own 64.60% of the company’s stock.

About iShares MSCI Japan ETF

iShares MSCI Japan ETF (the fund), formerly Ishares Msci Japan Index Fund, is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market, as measured by the MSCI Japan Index (the Index). The Index consists of stocks traded primarily on the Tokyo Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.