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

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

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. The company had a trading volume of 14,767 shares, compared to its average volume of 133,952. The company has a market capitalization of $748.76 million, a price-to-earnings ratio of 13.45 and a beta of 0.49. The stock has a fifty day moving average of $64.06 and a two-hundred day moving average of $61.15. iShares Currency Hedged MSCI Japan ETF has a 12-month low of $47.60 and a 12-month high of $66.92.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 138.2% during the 4th quarter. JPMorgan Chase & Co. now owns 369,431 shares of the company’s stock valued at $19,468,000 after acquiring an additional 214,312 shares in the last quarter. Williams Jones Wealth Management LLC. purchased a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the fourth quarter worth $3,507,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in 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 valued at $9,094,000 after purchasing an additional 59,104 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in iShares Currency Hedged MSCI Japan ETF during the third quarter valued at $379,000. Finally, Ascentis Independent Advisors grew its stake in 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 purchasing an additional 4,619 shares in the last quarter.

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.