iShares MSCI Kokusai ETF (NYSEARCA:TOK) Sees Significant Decrease in Short Interest

iShares MSCI Kokusai ETF (NYSEARCA:TOK) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 389 shares, a drop of 77.6% from the October 15th total of 1,733 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,671 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On iShares MSCI Kokusai ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of iShares MSCI Kokusai ETF in the third quarter valued at approximately $2,240,000. Onyx Bridge Wealth Group LLC grew its holdings in shares of 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 in the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of 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 in the last quarter.

iShares MSCI Kokusai ETF Stock Down 0.3%

NYSEARCA TOK traded down $0.51 on Friday, reaching $151.73. The stock had a trading volume of 725 shares, compared to its average volume of 2,843. The firm has a market capitalization of $235.18 million, a price-to-earnings ratio of 22.10 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. The stock has a fifty day moving average price of $153.21 and a two-hundred day moving average price of $147.82.

iShares MSCI Kokusai ETF Company Profile

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.