iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN – Get Free Report) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 1,319 shares, a drop of 95.3% from the October 15th total of 28,179 shares. Based on an average daily trading volume, of 41,769 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Trading of iShares JPX-Nikkei 400 ETF
Several hedge funds and other institutional investors have recently bought and sold shares of JPXN. Cibc World Market Inc. bought a new stake in iShares JPX-Nikkei 400 ETF in the 3rd quarter valued at about $3,462,000. HighTower Advisors LLC acquired a new position in shares of iShares JPX-Nikkei 400 ETF during the 3rd quarter worth approximately $405,000. Ifrah Financial Services Inc. acquired a new position in shares of iShares JPX-Nikkei 400 ETF during the 3rd quarter worth approximately $324,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of iShares JPX-Nikkei 400 ETF during the third quarter worth approximately $294,000. Finally, Bank of America Corp DE increased its holdings in shares of iShares JPX-Nikkei 400 ETF by 36.0% during the first quarter. Bank of America Corp DE now owns 18,141 shares of the company’s stock worth $1,658,000 after purchasing an additional 4,803 shares during the period.
iShares JPX-Nikkei 400 ETF Stock Down 1.3%
Shares of iShares JPX-Nikkei 400 ETF stock traded down $1.28 during trading on Tuesday, reaching $98.31. The company’s stock had a trading volume of 9,019 shares, compared to its average volume of 31,926. The business’s 50-day moving average price is $102.74 and its 200-day moving average price is $98.72. The firm has a market cap of $162.21 million, a PE ratio of 15.97 and a beta of 0.72. iShares JPX-Nikkei 400 ETF has a 52 week low of $83.87 and a 52 week high of $105.69.
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.
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