iShares MSCI Kokusai ETF (NYSEARCA:TOK) Sees Large Drop in Short Interest

iShares MSCI Kokusai ETF (NYSEARCA:TOK) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 389 shares, a decline of 77.6% from the October 15th total of 1,733 shares. Based on an average trading volume of 1,671 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in iShares MSCI Kokusai ETF during the third quarter valued at $2,240,000. Onyx Bridge Wealth Group LLC boosted its holdings in iShares MSCI Kokusai ETF by 1.6% in the third quarter. Onyx Bridge Wealth Group LLC now owns 4,146 shares of the company’s stock valued at $633,000 after purchasing an additional 66 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in iShares MSCI Kokusai ETF by 16.9% in the second quarter. Citadel Advisors LLC now owns 6,388 shares of the company’s stock valued at $957,000 after purchasing an additional 922 shares during the last quarter.

iShares MSCI Kokusai ETF Trading Up 0.8%

Shares of NYSEARCA TOK opened at $152.66 on Thursday. The company has a 50 day simple moving average of $153.33 and a two-hundred day simple moving average of $147.72. The stock has a market cap of $236.63 million, a price-to-earnings ratio of 22.74 and a beta of 0.96. iShares MSCI Kokusai ETF has a 12 month low of $129.49 and a 12 month high of $156.77.

About iShares MSCI Kokusai ETF

The iShares MSCI Kokusai ETF (TOK) is an exchange-traded fund that is based on the MSCI Kokusai (World ex Japan) index. The fund tracks a market cap-weighted index of large- and mid-cap developed market stocks outside of Japan. TOK was launched on Dec 10, 2007 and is managed by BlackRock.