iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Significant Decrease in Short Interest

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw a large drop in short interest in the month of 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. Based on an average daily volume of 33,585 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

iShares Currency Hedged MSCI Japan ETF Price Performance

Shares of iShares Currency Hedged MSCI Japan ETF stock traded down $0.57 during trading on Friday, hitting $63.71. The stock had a trading volume of 15,365 shares, compared to its average volume of 162,837. The firm has a market cap of $815.49 million, a P/E ratio of 13.45 and a beta of 0.48. The business has a fifty day moving average of $61.69 and a two-hundred day moving average of $58.21. iShares Currency Hedged MSCI Japan ETF has a fifty-two week low of $43.41 and a fifty-two week high of $66.92.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Several large investors have recently made changes to their positions in HEWJ. JPMorgan Chase & Co. grew its stake in shares of iShares Currency Hedged MSCI Japan ETF by 138.2% in the 4th quarter. JPMorgan Chase & Co. now owns 369,431 shares of the company’s stock worth $19,468,000 after purchasing an additional 214,312 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in iShares Currency Hedged MSCI Japan ETF during the third quarter valued at approximately $5,570,000. Williams Jones Wealth Management LLC. bought a new stake in iShares Currency Hedged MSCI Japan ETF during the fourth quarter worth approximately $3,507,000. BNP Paribas Financial Markets bought a new stake in iShares Currency Hedged MSCI Japan ETF during the third quarter worth approximately $379,000. Finally, Ascentis Independent Advisors grew its position in 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 last quarter.

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.