iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Short Interest Down 61.0% in March

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 30,831 shares, a drop of 61.0% from the February 26th total of 79,046 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 780,952 shares, the short-interest ratio is currently 0.0 days.

iShares Currency Hedged MSCI Japan ETF Price Performance

NYSEARCA:HEWJ traded down $1.13 during mid-day trading on Thursday, reaching $55.57. The stock had a trading volume of 133,951 shares, compared to its average volume of 236,730. iShares Currency Hedged MSCI Japan ETF has a 12 month low of $35.81 and a 12 month high of $60.94. The stock has a market capitalization of $527.92 million, a PE ratio of 13.45 and a beta of 0.49. The stock has a 50-day simple moving average of $57.28 and a two-hundred day simple moving average of $54.14.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 138.2% during the 4th quarter. JPMorgan Chase & Co. now owns 369,431 shares of the company’s stock worth $19,468,000 after buying an additional 214,312 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in iShares Currency Hedged MSCI Japan ETF in the third quarter valued at about $5,570,000. Williams Jones Wealth Management LLC. acquired a new stake in iShares Currency Hedged MSCI Japan ETF in the fourth quarter valued at about $3,507,000. BNP Paribas Financial Markets bought a new position in iShares Currency Hedged MSCI Japan ETF in the third quarter valued at about $379,000. Finally, Arkadios Wealth Advisors raised its stake in iShares Currency Hedged MSCI Japan ETF by 10.1% during the third quarter. Arkadios Wealth Advisors now owns 4,935 shares of the company’s stock worth $243,000 after acquiring an additional 453 shares in the last quarter.

iShares Currency Hedged MSCI Japan ETF Company Profile

The iShares Currency Hedged MSCI Japan ETF (HEWJ) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap Japanese stocks, while fully hedging out its exposure to the yen relative to the US dollar. HEWJ was launched on Jan 31, 2014 and is managed by BlackRock.