iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Sees Significant Drop in Short Interest

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 328,108 shares, a drop of 35.3% from the December 15th total of 506,804 shares. Based on an average trading volume of 377,577 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 377,577 shares, the days-to-cover ratio is presently 0.9 days.

iShares MSCI Pacific ex Japan ETF Stock Down 0.1%

EPP stock traded down $0.07 during trading on Friday, reaching $51.81. 346,856 shares of the company’s stock were exchanged, compared to its average volume of 415,605. iShares MSCI Pacific ex Japan ETF has a 1-year low of $38.44 and a 1-year high of $52.72. The firm has a market cap of $1.87 billion, a PE ratio of 18.02 and a beta of 0.85. The company’s fifty day moving average price is $50.84 and its 200-day moving average price is $50.95.

Institutional Investors Weigh In On iShares MSCI Pacific ex Japan ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI Pacific ex Japan ETF in the 2nd quarter worth $5,637,000. First Horizon Corp acquired a new position in shares of iShares MSCI Pacific ex Japan ETF in the 3rd quarter worth approximately $479,000. Russell Investments Group Ltd. acquired a new stake in iShares MSCI Pacific ex Japan ETF during the third quarter valued at approximately $245,000. ABC Arbitrage SA grew its stake in shares of iShares MSCI Pacific ex Japan ETF by 24.2% in the 2nd quarter. ABC Arbitrage SA now owns 15,541 shares of the company’s stock valued at $767,000 after buying an additional 3,031 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares MSCI Pacific ex Japan ETF by 1.0% during the third quarter. Ameriprise Financial Inc. now owns 94,255 shares of the company’s stock valued at $4,851,000 after acquiring an additional 953 shares in the last quarter. Institutional investors own 74.75% of the company’s stock.

iShares MSCI Pacific ex Japan ETF Company Profile

iShares MSCI Pacific ex Japan ET (the Fund), formerly iShares MSCI Pacific ex-Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Australia, Hong Kong, New Zealand and Singapore markets, as measured by the MSCI Pacific ex-Japan Index (the Index). The Fund invests in a representative sample of securities that collectively has an investment profile similar to the underlying index.