iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Sees Large Increase in Short Interest

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 192,180 shares, an increase of 4,796.3% from the May 14th total of 3,925 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average trading volume of 54,799 shares, the days-to-cover ratio is currently 3.5 days.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

iShares Currency Hedged MSCI Emerging Markets ETF stock opened at $41.91 on Thursday. iShares Currency Hedged MSCI Emerging Markets ETF has a one year low of $28.71 and a one year high of $45.59. The stock’s 50 day moving average is $41.29 and its 200 day moving average is $38.24. The firm has a market cap of $237.21 million, a P/E ratio of 13.80 and a beta of 0.53.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

Several institutional investors have recently bought and sold shares of HEEM. Ameriprise Financial Inc. grew its stake 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 purchasing an additional 1,146 shares during the period. Jones Financial Companies Lllp bought a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF during the 1st quarter worth $299,000. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF during the 3rd quarter worth $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.