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

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 9,673 shares, a drop of 85.8% from the August 31st total of 68,180 shares. Based on an average trading volume of 212,128 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

Several institutional investors and hedge funds have recently modified their holdings of HEWJ. Ascentis Independent Advisors boosted its holdings in iShares Currency Hedged MSCI Japan ETF by 51.3% in the 1st 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 period. Compass Financial Management LLC bought a new stake in iShares Currency Hedged MSCI Japan ETF during the second quarter valued at about $96,000. Finally, Arkadios Wealth Advisors raised its holdings in iShares Currency Hedged MSCI Japan ETF by 13.9% during the first quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock valued at $324,000 after acquiring an additional 700 shares during the period.

iShares Currency Hedged MSCI Japan ETF Stock Up 1.1%

NYSEARCA:HEWJ traded up $0.70 during trading hours on Friday, hitting $65.48. 22,003 shares of the stock traded hands, compared to its average volume of 134,099. iShares Currency Hedged MSCI Japan ETF has a 1 year low of $48.91 and a 1 year high of $66.92. The company has a market cap of $651.53 million, a price-to-earnings ratio of 13.45 and a beta of 0.49. The stock has a 50 day moving average price of $64.30 and a 200 day moving average price of $61.91.

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.