iShares MSCI Japan ETF (NYSEARCA:EWJ) Short Interest Down 40.3% in April

iShares MSCI Japan ETF (NYSEARCA:EWJ) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 12,964,152 shares, a decrease of 40.3% from the March 31st total of 21,719,831 shares. Based on an average daily volume of 9,169,683 shares, the days-to-cover ratio is presently 1.4 days. Approximately 5.6% of the shares of the stock are sold short.

Institutional Trading of iShares MSCI Japan ETF

Hedge funds have recently modified their holdings of the company. Angeles Investment Advisors LLC purchased a new stake in shares of iShares MSCI Japan ETF during the 3rd quarter worth approximately $29,918,000. D.A. Davidson & CO. purchased a new stake in shares of iShares MSCI Japan ETF during the 3rd quarter worth approximately $1,096,000. Bfsg LLC purchased a new stake in shares of iShares MSCI Japan ETF during the 3rd quarter worth approximately $5,704,000. 3EDGE Asset Management LP purchased a new stake in shares of iShares MSCI Japan ETF during the 3rd quarter worth approximately $1,067,000. Finally, Blair William & Co. IL raised its holdings in shares of iShares MSCI Japan ETF by 66.9% during the 3rd quarter. Blair William & Co. IL now owns 52,686 shares of the exchange traded fund’s stock worth $4,226,000 after acquiring an additional 21,124 shares in the last quarter. 64.60% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Japan ETF Stock Up 0.4%

EWJ stock traded up $0.36 during midday trading on Monday, hitting $87.68. The company’s stock had a trading volume of 4,085,623 shares, compared to its average volume of 9,941,447. iShares MSCI Japan ETF has a 12 month low of $70.57 and a 12 month high of $94.28. The firm has a market capitalization of $20.32 billion, a price-to-earnings ratio of 14.63 and a beta of 0.67. The company has a 50 day moving average of $87.11 and a two-hundred day moving average of $84.91.

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.