iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Short Interest Update

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 16,521 shares, an increase of 80.2% from the June 15th total of 9,166 shares. Based on an average trading volume of 20,100 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.2% of the company’s shares are sold short.

iShares JPX-Nikkei 400 ETF Stock Performance

Shares of JPXN stock opened at $97.10 on Friday. iShares JPX-Nikkei 400 ETF has a fifty-two week low of $76.71 and a fifty-two week high of $102.69. The stock has a 50 day moving average price of $99.24 and a two-hundred day moving average price of $95.53. The company has a market capitalization of $131.08 million, a P/E ratio of 14.59 and a beta of 0.65.

Institutional Investors Weigh In On iShares JPX-Nikkei 400 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its holdings in iShares JPX-Nikkei 400 ETF by 329.9% in the 2nd 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 stake in shares of iShares JPX-Nikkei 400 ETF in the fourth quarter worth about $35,000. Royal Bank of Canada increased its holdings in iShares JPX-Nikkei 400 ETF by 20.6% during the 1st quarter. Royal Bank of Canada now owns 877 shares of the company’s stock valued at $80,000 after purchasing an additional 150 shares during the period. Raymond James Financial Inc. bought a new position in iShares JPX-Nikkei 400 ETF during the 2nd quarter valued at approximately $162,000. Finally, Ifrah Financial Services Inc. bought a new position in iShares JPX-Nikkei 400 ETF during the 1st quarter valued at approximately $204,000.

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.