iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Trading 1.7% Higher – Here’s What Happened

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM)’s stock price rose 1.7% on Tuesday . The company traded as high as $42.04 and last traded at $41.82. Approximately 13,570 shares changed hands during trading, a decline of 59% from the average daily volume of 33,044 shares. The stock had previously closed at $41.14.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Performance

The company has a market cap of $236.70 million, a PE ratio of 13.80 and a beta of 0.53. The company’s 50-day simple moving average is $38.40 and its 200 day simple moving average is $36.71.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its position 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 valued at $884,000 after buying an additional 1,146 shares during the period. Jones Financial Companies Lllp purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter valued at approximately $299,000. Finally, Flow Traders U.S. LLC purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $204,000.

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.