iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Trading 2.1% Higher – Time to Buy?

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) shares shot up 2.1% during mid-day trading on Monday . The company traded as high as $37.09 and last traded at $36.85. 14,598 shares were traded during mid-day trading, a decline of 59% from the average session volume of 35,500 shares. The stock had previously closed at $36.09.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The firm has a 50-day simple moving average of $37.88 and a 200 day simple moving average of $35.59. The stock has a market capitalization of $208.57 million, a P/E ratio of 13.80 and a beta of 0.53.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its position in iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock worth $884,000 after buying an additional 1,146 shares during the period. Jones Financial Companies Lllp bought a new stake in iShares Currency Hedged MSCI Emerging Markets ETF during the 1st quarter worth approximately $299,000. Finally, Flow Traders U.S. LLC acquired a new position in iShares Currency Hedged MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $204,000.

iShares Currency Hedged MSCI Emerging Markets ETF Company Profile

The iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of broad emerging market equities with currency exposure from the underlying stocks hedged out for USD investors. HEEM was launched on Sep 23, 2014 and is managed by BlackRock.