iShares MSCI Japan Value ETF (NASDAQ:EWJV) Sees Significant Drop in Short Interest

iShares MSCI Japan Value ETF (NASDAQ:EWJV) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 40,600 shares, a drop of 36.4% from the February 28th total of 63,800 shares. Based on an average trading volume of 100,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the company’s stock are short sold.

iShares MSCI Japan Value ETF Trading Down 2.1 %

EWJV traded down $0.71 during midday trading on Friday, reaching $33.62. The company’s stock had a trading volume of 147,397 shares, compared to its average volume of 84,912. iShares MSCI Japan Value ETF has a 1 year low of $28.24 and a 1 year high of $34.84. The stock’s 50-day moving average is $32.90 and its 200-day moving average is $32.29. The firm has a market capitalization of $258.87 million, a price-to-earnings ratio of 11.21 and a beta of 0.58.

Institutional Investors Weigh In On iShares MSCI Japan Value ETF

Hedge funds have recently added to or reduced their stakes in the stock. Guardian Partners Inc. purchased a new stake in iShares MSCI Japan Value ETF in the fourth quarter worth approximately $11,723,000. Flow Traders U.S. LLC boosted its holdings in shares of iShares MSCI Japan Value ETF by 386.4% during the 3rd quarter. Flow Traders U.S. LLC now owns 110,490 shares of the company’s stock valued at $3,648,000 after purchasing an additional 87,773 shares during the last quarter. Forefront Wealth Management Inc. purchased a new position in iShares MSCI Japan Value ETF during the 4th quarter valued at approximately $2,157,000. Schwerin Boyle Capital Management Inc. grew its holdings in shares of iShares MSCI Japan Value ETF by 50.0% in the fourth quarter. Schwerin Boyle Capital Management Inc. now owns 142,500 shares of the company’s stock valued at $4,457,000 after purchasing an additional 47,500 shares in the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of iShares MSCI Japan Value ETF by 64.3% in the 4th quarter. Susquehanna International Group LLP now owns 66,002 shares of the company’s stock worth $2,065,000 after buying an additional 25,837 shares during the last quarter.

iShares MSCI Japan Value ETF Company Profile

The iShares MSCI Japan Value ETF (EWJV) is an exchange-traded fund that is based on the MSCI Japan Value index. The fund tracks a multi-factor-selected, market cap-weighted portfolio of Japanese equities. EWJV was launched on Mar 5, 2019 and is managed by BlackRock.