iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Short Interest Update

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 9,115 shares, a drop of 79.4% from the May 31st total of 44,335 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 33,585 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

A number of institutional investors have recently bought and sold shares of HEWJ. JPMorgan Chase & Co. raised its holdings in iShares Currency Hedged MSCI Japan ETF by 138.2% during the 4th quarter. JPMorgan Chase & Co. now owns 369,431 shares of the company’s stock worth $19,468,000 after buying an additional 214,312 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in iShares Currency Hedged MSCI Japan ETF during the third quarter valued at about $5,570,000. Williams Jones Wealth Management LLC. acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF in the fourth quarter worth about $3,507,000. BNP Paribas Financial Markets acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF in the third quarter worth about $379,000. Finally, Ascentis Independent Advisors boosted its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 51.3% in the first quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after buying an additional 4,619 shares during the period.

iShares Currency Hedged MSCI Japan ETF Trading Down 0.9%

Shares of NYSEARCA HEWJ traded down $0.57 during mid-day trading on Friday, reaching $63.71. The company had a trading volume of 15,365 shares, compared to its average volume of 162,837. The company has a 50-day moving average price of $61.69 and a two-hundred day moving average price of $58.21. The stock has a market cap of $815.49 million, a PE ratio of 13.45 and a beta of 0.48. iShares Currency Hedged MSCI Japan ETF has a 1-year low of $43.41 and a 1-year high of $66.92.

iShares Currency Hedged MSCI Japan ETF Company Profile

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.