iShares MSCI Japan ETF (NYSEARCA:EWJ) Shares Shorted: Short Interest Down 53.2% in October

iShares MSCI Japan ETF (NYSEARCA:EWJ) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 5,173,679 shares, a decline of 53.2% from the September 30th total of 11,056,216 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 3,759,336 shares, the days-to-cover ratio is currently 1.4 days.

iShares MSCI Japan ETF Trading Down 2.1%

Shares of NYSEARCA EWJ traded down $2.03 during mid-day trading on Friday, reaching $92.91. The company had a trading volume of 7,411,998 shares, compared to its average volume of 6,702,102. The stock has a market cap of $23.20 billion, a price-to-earnings ratio of 14.63 and a beta of 0.71. iShares MSCI Japan ETF has a 52 week low of $79.47 and a 52 week high of $99.98. The business’s 50-day moving average is $96.57 and its 200-day moving average is $91.72.

Hedge Funds Weigh In On iShares MSCI Japan ETF

A number of institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new position in iShares MSCI Japan ETF during the 1st quarter worth $27,000. GK Wealth Management LLC bought a new stake in iShares MSCI Japan ETF during the 3rd quarter valued at $33,000. Darwin Wealth Management LLC purchased a new stake in shares of iShares MSCI Japan ETF in the 1st quarter worth $29,000. Go Invest LLC purchased a new stake in shares of iShares MSCI Japan ETF in the 3rd quarter worth $43,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of iShares MSCI Japan ETF in the 3rd quarter worth $46,000. 64.60% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Japan ETF Company Profile

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.