iShares MSCI Kokusai ETF (NYSEARCA:TOK) Sees Large Drop in Short Interest

iShares MSCI Kokusai ETF (NYSEARCA:TOK) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 425 shares, a drop of 37.2% from the July 30th total of 677 shares. Based on an average trading volume of 1,661 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares MSCI Kokusai ETF

An institutional investor recently raised its stake in iShares MSCI Kokusai ETF stock. Citadel Advisors LLC lifted its position in shares of iShares MSCI Kokusai ETF (NYSEARCA:TOK) by 84.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,034 shares of the company’s stock after buying an additional 1,849 shares during the period. Citadel Advisors LLC owned approximately 0.24% of iShares MSCI Kokusai ETF worth $544,000 as of its most recent SEC filing.

iShares MSCI Kokusai ETF Stock Performance

iShares MSCI Kokusai ETF stock traded up $1.31 during trading on Wednesday, reaching $154.54. The company had a trading volume of 48,463 shares, compared to its average volume of 2,715. iShares MSCI Kokusai ETF has a 12-month low of $129.49 and a 12-month high of $156.77. The stock’s 50 day moving average price is $152.18 and its two-hundred day moving average price is $146.26. The firm has a market capitalization of $254.99 million, a price-to-earnings ratio of 22.74 and a beta of 0.96.

About iShares MSCI Kokusai ETF

The iShares MSCI Kokusai ETF (TOK) is an exchange-traded fund that is based on the MSCI Kokusai (World ex Japan) index. The fund tracks a market cap-weighted index of large- and mid-cap developed market stocks outside of Japan. TOK was launched on Dec 10, 2007 and is managed by BlackRock.