Short Interest in iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Decreases By 34.9%

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 30,105 shares, a decline of 34.9% from the November 30th total of 46,249 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 37,189 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 37,189 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 7,286.6% in the third quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock valued at $7,642,000 after purchasing an additional 153,019 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter worth approximately $5,570,000. BNP Paribas Financial Markets acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter worth approximately $379,000. Arkadios Wealth Advisors purchased a new stake in iShares Currency Hedged MSCI Japan ETF in the 2nd quarter valued at approximately $201,000. Finally, Murphy & Mullick Capital Management Corp grew its holdings in iShares Currency Hedged MSCI Japan ETF by 43.6% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock valued at $61,000 after buying an additional 358 shares during the last quarter.

iShares Currency Hedged MSCI Japan ETF Price Performance

iShares Currency Hedged MSCI Japan ETF stock traded up $0.20 during trading hours on Tuesday, hitting $52.82. The stock had a trading volume of 5,908 shares, compared to its average volume of 63,374. iShares Currency Hedged MSCI Japan ETF has a 1-year low of $35.81 and a 1-year high of $54.90. The stock has a market capitalization of $488.59 million, a price-to-earnings ratio of 13.45 and a beta of 0.49. The stock’s fifty day moving average is $53.39 and its two-hundred day moving average is $49.50.

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.