iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Sees Large Decrease in Short Interest

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 33,225 shares, a decline of 35.1% from the September 30th total of 51,183 shares. Based on an average daily trading volume, of 242,163 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

iShares MSCI Pacific ex Japan ETF Price Performance

EPP opened at $55.80 on Monday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 18.02 and a beta of 0.79. The firm has a 50 day simple moving average of $56.01 and a 200 day simple moving average of $55.12. iShares MSCI Pacific ex Japan ETF has a fifty-two week low of $48.93 and a fifty-two week high of $58.56.

Institutional Trading of iShares MSCI Pacific ex Japan ETF

Institutional investors have recently bought and sold shares of the business. Continuum Advisory LLC acquired a new position in shares of iShares MSCI Pacific ex Japan ETF in the 2nd quarter valued at $97,000. Richardson Financial Services Inc. boosted its position in shares of iShares MSCI Pacific ex Japan ETF by 15.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,598 shares of the company’s stock worth $143,000 after purchasing an additional 345 shares during the last quarter. Montecito Bank & Trust bought a new position in shares of iShares MSCI Pacific ex Japan ETF in the 3rd quarter worth $209,000. Arkadios Wealth Advisors acquired a new stake in shares of iShares MSCI Pacific ex Japan ETF during the first quarter worth $218,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of iShares MSCI Pacific ex Japan ETF during the first quarter worth $243,000. Institutional investors and hedge funds own 74.75% of the company’s stock.

About iShares MSCI Pacific ex Japan ETF

iShares MSCI Pacific ex Japan ET (the Fund), formerly iShares MSCI Pacific ex-Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Australia, Hong Kong, New Zealand and Singapore markets, as measured by the MSCI Pacific ex-Japan Index (the Index). The Fund invests in a representative sample of securities that collectively has an investment profile similar to the underlying index.