iShares Currency Hedged MSCI ACWI ex U.S. ETF (NYSEARCA:HAWX) Sees Significant Decrease in Short Interest

iShares Currency Hedged MSCI ACWI ex U.S. ETF (NYSEARCA:HAWX) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 15,864 shares, a drop of 67.5% from the May 14th total of 48,756 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 21,410 shares, the days-to-cover ratio is presently 0.7 days.

iShares Currency Hedged MSCI ACWI ex U.S. ETF Price Performance

Shares of HAWX stock opened at $44.08 on Thursday. The firm has a market cap of $336.77 million, a PE ratio of 15.74 and a beta of 0.51. The company has a 50-day moving average of $43.79 and a two-hundred day moving average of $41.88. iShares Currency Hedged MSCI ACWI ex U.S. ETF has a 1-year low of $34.49 and a 1-year high of $46.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted its stake in iShares Currency Hedged MSCI ACWI ex U.S. ETF by 31.0% during the third quarter. Sunbelt Securities Inc. now owns 1,945 shares of the company’s stock worth $74,000 after buying an additional 460 shares during the period. Nova Wealth Management Inc. boosted its stake in iShares Currency Hedged MSCI ACWI ex U.S. ETF by 559.1% during the fourth quarter. Nova Wealth Management Inc. now owns 13,992 shares of the company’s stock worth $552,000 after buying an additional 11,869 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in iShares Currency Hedged MSCI ACWI ex U.S. ETF by 15.2% during the second quarter. NewEdge Advisors LLC now owns 217,635 shares of the company’s stock worth $7,693,000 after buying an additional 28,659 shares during the period.

iShares Currency Hedged MSCI ACWI ex U.S. ETF Company Profile

The iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of global large- and mid-cap stocks outside the US, hedged against movements in the underlying currencies for US investors. HAWX was launched on Jun 29, 2015 and is managed by BlackRock.