Xtrackers MSCI Japan Hedged Equity ETF (NYSEARCA:DBJP) Sees Large Drop in Short Interest

Xtrackers MSCI Japan Hedged Equity ETF (NYSEARCA:DBJP) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 8,626 shares, a decline of 85.0% from the August 15th total of 57,483 shares. Based on an average trading volume of 9,154 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the shares of the stock are sold short.

Xtrackers MSCI Japan Hedged Equity ETF Stock Performance

Xtrackers MSCI Japan Hedged Equity ETF stock traded up $1.46 during midday trading on Friday, reaching $114.43. 11,717 shares of the company were exchanged, compared to its average volume of 36,475. The company has a market capitalization of $698.02 million, a price-to-earnings ratio of 14.69 and a beta of 0.50. The firm’s 50-day simple moving average is $114.55 and its 200-day simple moving average is $110.17. Xtrackers MSCI Japan Hedged Equity ETF has a 1 year low of $84.31 and a 1 year high of $119.15.

Institutional Investors Weigh In On Xtrackers MSCI Japan Hedged Equity ETF

An institutional investor recently raised its stake in Xtrackers MSCI Japan Hedged Equity ETF stock. Ameriprise Financial Inc. increased its position in Xtrackers MSCI Japan Hedged Equity ETF (NYSEARCA:DBJP) by 8.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,798 shares of the company’s stock after buying an additional 787 shares during the period. Ameriprise Financial Inc. owned about 0.20% of Xtrackers MSCI Japan Hedged Equity ETF worth $749,000 as of its most recent SEC filing.

Xtrackers MSCI Japan Hedged Equity ETF Company Profile

The Xtrackers MSCI Japan Hedged Equity ETF (DBJP) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of Japanese stocks. The fund is hedged against Japanese yen (JPY) currency fluctuations. DBJP was launched on Jun 9, 2011 and is managed by Xtrackers.