iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 68,180 shares, a growth of 112.5% from the August 15th total of 32,083 shares. Based on an average daily volume of 76,387 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the shares of the stock are sold short.
iShares Currency Hedged MSCI Japan ETF Stock Performance
NYSEARCA HEWJ traded down $0.10 during trading on Monday, reaching $64.16. 6,211 shares of the company traded hands, compared to its average volume of 138,122. The stock’s 50 day moving average price is $64.11 and its two-hundred day moving average price is $61.50. The company has a market cap of $737.83 million, a price-to-earnings ratio of 13.45 and a beta of 0.49. iShares Currency Hedged MSCI Japan ETF has a 1-year low of $48.91 and a 1-year high of $66.92.
Institutional Trading of iShares Currency Hedged MSCI Japan ETF
Several institutional investors have recently bought and sold shares of the stock. Compass Financial Management LLC bought a new stake in iShares Currency Hedged MSCI Japan ETF in the second quarter valued at $96,000. Arkadios Wealth Advisors lifted its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 13.9% during the first quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock valued at $324,000 after acquiring an additional 700 shares during the period. BNP Paribas Financial Markets bought a new position in shares of iShares Currency Hedged MSCI Japan ETF during the third quarter valued at $379,000. Ascentis Independent Advisors boosted its stake in shares of 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 valued at $767,000 after purchasing an additional 4,619 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the 4th quarter valued at $3,507,000.
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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