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 large increase in short interest in 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 short-interest ratio is presently 0.8 days. Currently, 1.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ifrah Financial Services Inc. purchased a new stake in iShares JPX-Nikkei 400 ETF in the first quarter valued at $204,000. Royal Bank of Canada raised its stake in shares of 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 buying an additional 150 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of iShares JPX-Nikkei 400 ETF by 329.9% during the 2nd quarter. Osaic Holdings Inc. now owns 331 shares of the company’s stock valued at $26,000 after buying an additional 254 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of iShares JPX-Nikkei 400 ETF by 14.8% in the 3rd quarter. Susquehanna International Group LLP now owns 12,816 shares of the company’s stock valued at $1,092,000 after buying an additional 1,653 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of iShares JPX-Nikkei 400 ETF by 1.3% in the 3rd quarter. Bank of America Corp DE now owns 13,448 shares of the company’s stock valued at $1,146,000 after buying an additional 171 shares during the period.

iShares JPX-Nikkei 400 ETF Price Performance

JPXN stock opened at $98.44 on Friday. The firm’s fifty day simple moving average is $99.29 and its 200-day simple moving average is $95.52. The company has a market capitalization of $132.89 million, a P/E ratio of 14.59 and a beta of 0.65. iShares JPX-Nikkei 400 ETF has a 12 month low of $76.71 and a 12 month high of $102.69.

About iShares JPX-Nikkei 400 ETF

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.