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

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 140,401 shares, a growth of 437.7% from the January 29th total of 26,110 shares. Based on an average daily volume of 234,740 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.5% of the shares of the stock are short sold. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily volume of 234,740 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

A number of hedge funds have recently modified their holdings of HEWJ. Arkadios Wealth Advisors acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the second quarter worth $201,000. Murphy & Mullick Capital Management Corp increased its stake in iShares Currency Hedged MSCI Japan ETF by 43.6% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock worth $61,000 after purchasing an additional 358 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares Currency Hedged MSCI Japan ETF by 7,286.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock worth $7,642,000 after buying an additional 153,019 shares during the period. BNP Paribas Financial Markets purchased a new stake in iShares Currency Hedged MSCI Japan ETF during the third quarter valued at about $379,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF in the third quarter worth about $5,570,000.

iShares Currency Hedged MSCI Japan ETF Trading Down 0.1%

HEWJ stock traded down $0.06 on Friday, hitting $60.41. 13,575 shares of the company’s stock traded hands, compared to its average volume of 127,135. The stock has a market cap of $573.90 million, a price-to-earnings ratio of 13.45 and a beta of 0.49. iShares Currency Hedged MSCI Japan ETF has a 1-year low of $35.81 and a 1-year high of $60.57. The stock has a fifty day moving average of $56.32 and a 200-day moving average of $53.05.

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.