iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Short Interest Up 80.2% in June

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

Institutional Trading of iShares JPX-Nikkei 400 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in shares of iShares JPX-Nikkei 400 ETF in the third quarter valued at about $2,746,000. Jane Street Group LLC raised its stake in shares of iShares JPX-Nikkei 400 ETF by 32.8% in the first quarter. Jane Street Group LLC now owns 91,084 shares of the company’s stock worth $6,647,000 after purchasing an additional 22,488 shares during the last quarter. Intesa Sanpaolo Wealth Management acquired a new stake in shares of iShares JPX-Nikkei 400 ETF during the fourth quarter worth about $1,729,000. Beacon Pointe Advisors LLC acquired a new stake in shares of iShares JPX-Nikkei 400 ETF during the fourth quarter worth about $977,000. Finally, Bank of America Corp DE boosted its position in iShares JPX-Nikkei 400 ETF by 36.0% in the first quarter. Bank of America Corp DE now owns 18,141 shares of the company’s stock valued at $1,658,000 after buying an additional 4,803 shares during the last quarter.

iShares JPX-Nikkei 400 ETF Price Performance

Shares of JPXN opened at $98.44 on Friday. The company’s fifty day moving average price is $99.29 and its 200-day moving average price is $95.52. iShares JPX-Nikkei 400 ETF has a 1-year low of $76.71 and a 1-year high of $102.69. The firm has a market capitalization of $132.89 million, a PE ratio of 14.59 and a beta of 0.65.

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.