iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 22,219 shares, an increase of 129.7% from the September 15th total of 9,673 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 45,566 shares, the days-to-cover ratio is currently 0.5 days.
iShares Currency Hedged MSCI Japan ETF Price Performance
Shares of NYSEARCA HEWJ traded down $0.89 during trading on Thursday, reaching $63.72. 3,608 shares of the stock traded hands, compared to its average volume of 126,460. iShares Currency Hedged MSCI Japan ETF has a 52-week low of $50.82 and a 52-week high of $67.27. The company has a 50-day moving average of $65.01 and a 200-day moving average of $62.83. The stock has a market capitalization of $634.02 million, a P/E ratio of 13.45 and a beta of 0.51.
Institutional Trading of iShares Currency Hedged MSCI Japan ETF
Several institutional investors and hedge funds have recently bought and sold shares of HEWJ. Ascentis Independent Advisors grew its stake in iShares Currency Hedged MSCI Japan ETF by 51.3% in the 1st quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after buying an additional 4,619 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of iShares Currency Hedged MSCI Japan ETF by 13.9% during the 1st quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock valued at $324,000 after buying an additional 700 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 2nd quarter valued at $96,000.
About iShares Currency Hedged MSCI Japan ETF
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.
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