Short Interest in iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Decreases By 88.8%

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 2,955 shares, a drop of 88.8% from the April 30th total of 26,268 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 17,710 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On iShares JPX-Nikkei 400 ETF

A number of hedge funds have recently made changes to their positions in JPXN. Osaic Holdings Inc. raised its position in shares of iShares JPX-Nikkei 400 ETF by 329.9% during the second quarter. Osaic Holdings Inc. now owns 331 shares of the company’s stock worth $26,000 after acquiring an additional 254 shares during 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 during the fourth quarter worth about $35,000. Royal Bank of Canada raised its position in shares of iShares JPX-Nikkei 400 ETF by 20.6% during the first quarter. Royal Bank of Canada now owns 877 shares of the company’s stock worth $80,000 after acquiring an additional 150 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares JPX-Nikkei 400 ETF during the second quarter worth about $162,000. Finally, Ifrah Financial Services Inc. bought a new position in shares of iShares JPX-Nikkei 400 ETF during the first quarter worth about $204,000.

iShares JPX-Nikkei 400 ETF Stock Up 0.4%

iShares JPX-Nikkei 400 ETF stock traded up $0.43 during trading hours on Thursday, hitting $99.67. The stock had a trading volume of 14,647 shares, compared to its average volume of 49,317. The stock has a market cap of $149.51 million, a price-to-earnings ratio of 14.59 and a beta of 0.64. iShares JPX-Nikkei 400 ETF has a one year low of $76.19 and a one year high of $101.21. The business’s 50 day simple moving average is $95.08 and its 200-day simple moving average is $92.44.

iShares JPX-Nikkei 400 ETF Company Profile

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.