iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Large Volume Increase – Here’s Why

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) shares saw unusually-strong trading volume on Tuesday . Approximately 126,226 shares were traded during mid-day trading, an increase of 117% from the previous session’s volume of 58,147 shares.The stock last traded at $54.2750 and had previously closed at $54.08.

iShares Currency Hedged MSCI Japan ETF Trading Up 0.2%

The company has a market cap of $509.16 million, a price-to-earnings ratio of 13.45 and a beta of 0.49. The stock’s 50 day moving average price is $53.45 and its 200 day moving average price is $49.76.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in iShares Currency Hedged MSCI Japan ETF by 7,286.6% during the third quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock valued at $7,642,000 after acquiring an additional 153,019 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares Currency Hedged MSCI Japan ETF in the third quarter valued at approximately $5,570,000. BNP Paribas Financial Markets acquired a new position in iShares Currency Hedged MSCI Japan ETF during the third quarter valued at approximately $379,000. Murphy & Mullick Capital Management Corp grew its stake in iShares Currency Hedged MSCI Japan ETF by 43.6% during the third quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock worth $61,000 after buying an additional 358 shares during the period. Finally, Arkadios Wealth Advisors increased its position in shares of iShares Currency Hedged MSCI Japan ETF by 10.1% in the third quarter. Arkadios Wealth Advisors now owns 4,935 shares of the company’s stock worth $243,000 after acquiring an additional 453 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.