iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Large Increase in Short Interest

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 110,515 shares, a growth of 799.2% from the June 30th total of 12,290 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 59,787 shares, the days-to-cover ratio is currently 1.8 days.

iShares Currency Hedged MSCI Japan ETF Price Performance

Shares of HEWJ stock opened at $63.34 on Friday. The stock has a market cap of $728.41 million, a P/E ratio of 13.45 and a beta of 0.48. iShares Currency Hedged MSCI Japan ETF has a one year low of $44.79 and a one year high of $66.92. The stock has a fifty day moving average price of $63.26 and a 200 day moving average price of $59.65.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its stake 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 valued at $45,000 after acquiring an additional 218 shares during the period. Arkadios Wealth Advisors raised its position in iShares Currency Hedged MSCI Japan ETF by 13.9% in the first quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock worth $324,000 after purchasing an additional 700 shares in the last quarter. BNP Paribas Financial Markets bought a new position in iShares Currency Hedged MSCI Japan ETF during the third quarter worth about $379,000. Ascentis Independent Advisors lifted its stake in iShares Currency Hedged MSCI Japan ETF by 51.3% during the first 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. Finally, Williams Jones Wealth Management LLC. bought a new position in iShares Currency Hedged MSCI Japan ETF during the fourth quarter worth about $3,507,000.

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.