iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Short Interest Down 56.9% in August

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 32,083 shares, a drop of 56.9% from the July 30th total of 74,422 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 36,719 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in 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 valued at $19,468,000 after buying an additional 214,312 shares during the last quarter. Williams Jones Wealth Management LLC. acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF during the fourth quarter worth approximately $3,507,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 52.3% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 172,172 shares of the company’s stock worth $9,094,000 after buying an additional 59,104 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the third quarter valued at approximately $379,000. Finally, Ascentis Independent Advisors boosted its position 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 valued at $767,000 after acquiring an additional 4,619 shares during the period.

iShares Currency Hedged MSCI Japan ETF Stock Performance

Shares of NYSEARCA HEWJ traded up $0.16 during mid-day trading on Friday, reaching $65.11. 14,767 shares of the company traded hands, compared to its average volume of 133,952. The company’s fifty day moving average is $64.06 and its two-hundred day moving average is $61.15. iShares Currency Hedged MSCI Japan ETF has a fifty-two week low of $47.60 and a fifty-two week high of $66.92. The stock has a market cap of $748.76 million, a PE ratio of 13.45 and a beta of 0.49.

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.