iShares MSCI All Country Asia ex Japan ETF (AAXJ) Sees Significant Drop in Short Interest

iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 473,114 shares, a drop of 71.1% from the January 15th total of 1,636,473 shares. Based on an average daily volume of 1,756,761 shares, the short-interest ratio is presently 0.3 days.

Several hedge funds and other institutional investors have recently modified their holdings of AAXJ. Janney Montgomery Scott LLC raised its position in shares of iShares MSCI All Country Asia ex Japan ETF by 648.1% in the third quarter. Janney Montgomery Scott LLC now owns 297,413 shares of the exchange traded fund’s stock valued at $21,000,000 after buying an additional 257,658 shares during the last quarter. WestEnd Advisors LLC acquired a new stake in shares of iShares MSCI All Country Asia ex Japan ETF in the third quarter valued at about $4,996,000. Assetmark Inc. acquired a new stake in shares of iShares MSCI All Country Asia ex Japan ETF in the third quarter valued at about $1,478,000. Crescent Grove Advisors LLC acquired a new stake in shares of iShares MSCI All Country Asia ex Japan ETF in the fourth quarter valued at about $1,138,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of iShares MSCI All Country Asia ex Japan ETF by 73.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 42,058 shares of the exchange traded fund’s stock valued at $2,970,000 after buying an additional 17,771 shares during the last quarter.

Shares of NASDAQ AAXJ opened at $68.60 on Thursday. iShares MSCI All Country Asia ex Japan ETF has a 52 week low of $60.48 and a 52 week high of $80.25.

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About iShares MSCI All Country Asia ex Japan ETF

iShares MSCI All Country Asia ex Japan ETF (the Fund), formerly The iShares MSCI All Country Asia ex Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, of the MSCI All Country Asia ex Japan Index (the Index).

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