iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Unusually-High Trading Volume – Time to Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) shares saw an uptick in trading volume on Thursday . Approximately 1,443,150 shares were traded during trading, an increase of 931% from the previous session’s volume of 139,990 shares.The stock last traded at $64.3230 and had previously closed at $64.79.

iShares Currency Hedged MSCI Japan ETF Trading Up 0.7%

The stock’s 50-day moving average price is $64.11 and its 200-day moving average price is $61.32. The company has a market capitalization of $749.80 million, a P/E ratio of 13.45 and a beta of 0.49.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its holdings in iShares Currency Hedged MSCI Japan ETF by 34.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 857 shares of the company’s stock worth $45,000 after acquiring an additional 218 shares during the last quarter. Compass Financial Management LLC bought a new position in shares of iShares Currency Hedged MSCI Japan ETF during the second quarter valued at approximately $96,000. Arkadios Wealth Advisors grew 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 purchasing an additional 700 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter worth approximately $379,000. Finally, Ascentis Independent Advisors raised its position in shares of iShares Currency Hedged MSCI Japan ETF by 51.3% during the 1st quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after purchasing an additional 4,619 shares during the period.

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.