iShares MSCI Japan ETF (NYSEARCA:EWJ) Shares Shorted: Short Interest Up 168.7% in September

iShares MSCI Japan ETF (NYSEARCA:EWJ) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 11,056,216 shares, a growth of 168.7% from the September 15th total of 4,114,944 shares. Currently, 4.5% of the company’s stock are sold short. Based on an average daily volume of 4,074,791 shares, the short-interest ratio is presently 2.7 days.

iShares MSCI Japan ETF Price Performance

Shares of EWJ stock traded down $0.48 on Monday, reaching $97.38. 1,151,821 shares of the company were exchanged, compared to its average volume of 6,896,331. The company has a 50-day moving average of $96.83 and a 200-day moving average of $92.89. The company has a market cap of $23.69 billion, a price-to-earnings ratio of 14.63 and a beta of 0.71. iShares MSCI Japan ETF has a one year low of $78.84 and a one year high of $99.98.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Mill Creek Capital Advisors LLC grew its stake in iShares MSCI Japan ETF by 2.7% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 5,164 shares of the exchange traded fund’s stock valued at $417,000 after acquiring an additional 134 shares during the period. Patten Group Inc. increased its holdings in shares of iShares MSCI Japan ETF by 3.5% during the first quarter. Patten Group Inc. now owns 4,023 shares of the exchange traded fund’s stock valued at $340,000 after acquiring an additional 136 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of iShares MSCI Japan ETF by 1.0% during the first quarter. SteelPeak Wealth LLC now owns 13,669 shares of the exchange traded fund’s stock worth $1,154,000 after purchasing an additional 142 shares during the period. Narus Financial Partners LLC raised its position in shares of iShares MSCI Japan ETF by 3.4% during the first quarter. Narus Financial Partners LLC now owns 4,625 shares of the exchange traded fund’s stock worth $391,000 after purchasing an additional 153 shares during the period. Finally, AlTi Global Inc. lifted its holdings in shares of iShares MSCI Japan ETF by 0.4% in the 1st quarter. AlTi Global Inc. now owns 38,985 shares of the exchange traded fund’s stock worth $3,292,000 after purchasing an additional 153 shares in the last quarter. 64.60% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Japan ETF Company Profile

iShares MSCI Japan ETF (the fund), formerly Ishares Msci Japan Index Fund, is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market, as measured by the MSCI Japan Index (the Index). The Index consists of stocks traded primarily on the Tokyo Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.