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

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) shares saw an uptick in trading volume on Tuesday . 126,226 shares traded hands 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 Stock Performance

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

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp boosted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 43.6% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock worth $61,000 after acquiring an additional 358 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in iShares Currency Hedged MSCI Japan ETF during the second quarter worth $201,000. BNP Paribas Financial Markets acquired a new stake in iShares Currency Hedged MSCI Japan ETF in the third quarter valued at $379,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of iShares Currency Hedged MSCI Japan ETF by 0.3% in the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 89,530 shares of the company’s stock valued at $4,010,000 after buying an additional 228 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter worth $5,570,000.

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.