iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM – Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,925 shares, a decline of 50.2% from the April 30th total of 7,884 shares. Based on an average daily trading volume, of 25,477 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% 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 HEEM. Jones Financial Companies Lllp acquired a new position in iShares Currency Hedged MSCI Emerging Markets ETF during the first quarter valued at $299,000. Ameriprise Financial Inc. lifted its position in iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% during the third quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock valued at $884,000 after purchasing an additional 1,146 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in iShares Currency Hedged MSCI Emerging Markets ETF during the third quarter valued at $204,000.
iShares Currency Hedged MSCI Emerging Markets ETF Stock Performance
BATS:HEEM opened at $44.13 on Monday. iShares Currency Hedged MSCI Emerging Markets ETF has a 12 month low of $28.41 and a 12 month high of $44.27. The firm has a fifty day simple moving average of $40.13 and a 200-day simple moving average of $37.75. The company has a market capitalization of $249.78 million, a P/E ratio of 13.80 and a beta of 0.53.
About iShares Currency Hedged MSCI Emerging Markets ETF
The iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of broad emerging market equities with currency exposure from the underlying stocks hedged out for USD investors. HEEM was launched on Sep 23, 2014 and is managed by BlackRock.
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