iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Short Interest Up 112.5% in August

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 68,180 shares, a growth of 112.5% from the August 15th total of 32,083 shares. Based on an average daily trading volume, of 76,387 shares, the short-interest ratio is currently 0.9 days. Currently, 0.6% of the shares of the company are short sold.

iShares Currency Hedged MSCI Japan ETF Stock Down 0.1%

HEWJ stock opened at $63.80 on Wednesday. The company’s 50-day simple moving average is $64.08 and its 200-day simple moving average is $61.56. iShares Currency Hedged MSCI Japan ETF has a 52-week low of $48.91 and a 52-week high of $66.92. The firm has a market cap of $733.70 million, a P/E ratio of 13.45 and a beta of 0.49.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

A number of institutional investors and hedge funds have recently made changes to their positions in HEWJ. Compass Financial Management LLC acquired a new stake in iShares Currency Hedged MSCI Japan ETF in the 2nd quarter valued at $96,000. Arkadios Wealth Advisors grew its position in shares of 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 valued at $324,000 after purchasing an additional 700 shares during the period. Finally, Ascentis Independent Advisors increased its stake in shares of 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 in 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.