iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 14,663 shares, a drop of 92.4% from the May 31st total of 192,180 shares. Based on an average daily volume of 32,851 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.
Institutional Investors Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its holdings in iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock worth $884,000 after acquiring an additional 1,146 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF during the first quarter valued at $299,000. Finally, Flow Traders U.S. LLC purchased 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 Up 1.1%
Shares of iShares Currency Hedged MSCI Emerging Markets ETF stock traded up $0.49 on Thursday, reaching $44.26. The company’s stock had a trading volume of 350,928 shares, compared to its average volume of 38,144. The company has a market capitalization of $250.51 million, a P/E ratio of 13.80 and a beta of 0.53. The stock has a 50-day moving average price of $42.72 and a 200-day moving average price of $38.97. iShares Currency Hedged MSCI Emerging Markets ETF has a 52-week low of $29.80 and a 52-week high of $46.49.
iShares Currency Hedged MSCI Emerging Markets ETF Company Profile
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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