iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Short Interest Up 34.2% in February

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 88,968 shares, an increase of 34.2% from the February 12th total of 66,272 shares. Currently, 6.6% of the shares of the company are short sold. Based on an average daily volume of 104,790 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 104,790 shares, the days-to-cover ratio is presently 0.8 days. Currently, 6.6% of the shares of the company are short sold.

iShares JPX-Nikkei 400 ETF Stock Up 2.1%

NYSEARCA JPXN traded up $1.87 on Monday, hitting $91.95. The stock had a trading volume of 71,655 shares, compared to its average volume of 79,063. iShares JPX-Nikkei 400 ETF has a one year low of $64.67 and a one year high of $101.21. The stock has a market cap of $124.13 million, a price-to-earnings ratio of 14.59 and a beta of 0.65. The company’s 50-day moving average is $94.17 and its two-hundred day moving average is $89.27.

Hedge Funds Weigh In On iShares JPX-Nikkei 400 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JPXN. Osaic Holdings Inc. raised its stake in iShares JPX-Nikkei 400 ETF by 329.9% during the 2nd quarter. Osaic Holdings Inc. now owns 331 shares of the company’s stock valued at $26,000 after acquiring an additional 254 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of iShares JPX-Nikkei 400 ETF in the fourth quarter worth $35,000. Raymond James Financial Inc. bought a new position in shares of iShares JPX-Nikkei 400 ETF in the second quarter worth $162,000. Matthew Goff Investment Advisor LLC acquired a new position in shares of iShares JPX-Nikkei 400 ETF during the fourth quarter valued at $307,000. Finally, Jones Financial Companies Lllp raised its stake in shares of iShares JPX-Nikkei 400 ETF by 61.7% during the third quarter. Jones Financial Companies Lllp now owns 6,927 shares of the company’s stock valued at $592,000 after purchasing an additional 2,643 shares in the last quarter.

About iShares JPX-Nikkei 400 ETF

iShares Japan Large-Cap ETF (the Fund), formerly iShares S&P/TOPIX 150 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P/TOPIX 150 (the Index). The Index is comprised of approximately 70% of the market value of the Japanese equity market. Components primarily include consumer discretionary, financial and industrials companies. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.