iShares MSCI Japan Small-Cap ETF (NYSEARCA:SCJ) Sees Significant Drop in Short Interest

iShares MSCI Japan Small-Cap ETF (NYSEARCA:SCJ) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 42,981 shares, a drop of 49.5% from the August 15th total of 85,153 shares. Based on an average daily volume of 20,336 shares, the short-interest ratio is currently 2.1 days. Approximately 1.8% of the company’s shares are short sold.

iShares MSCI Japan Small-Cap ETF Stock Performance

NYSEARCA:SCJ traded down $0.45 during midday trading on Tuesday, reaching $109.83. 14,620 shares of the stock traded hands, compared to its average volume of 57,235. The company has a fifty day moving average of $107.65 and a 200 day moving average of $104.16. iShares MSCI Japan Small-Cap ETF has a 12 month low of $88.08 and a 12 month high of $111.40. The stock has a market capitalization of $263.59 million, a P/E ratio of 13.39 and a beta of 0.51.

Hedge Funds Weigh In On iShares MSCI Japan Small-Cap ETF

An institutional investor recently raised its stake in iShares MSCI Japan Small-Cap ETF stock. Resolute Advisors LLC grew its position in shares of iShares MSCI Japan Small-Cap ETF (NYSEARCA:SCJ) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,049 shares of the company’s stock after acquiring an additional 156 shares during the period. Resolute Advisors LLC owned about 0.18% of iShares MSCI Japan Small-Cap ETF worth $393,000 as of its most recent SEC filing.

About iShares MSCI Japan Small-Cap ETF

The iShares MSCI Japan Small-Cap ETF (SCJ) is an exchange-traded fund that is based on the MSCI Japan Small Cap index, a market-cap-weighted index of small-cap Japanese stocks. SCJ was launched on Dec 20, 2007 and is managed by BlackRock.