iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) Sees Significant Decline in Short Interest

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 207,878 shares, a drop of 44.6% from the April 30th total of 374,953 shares. Based on an average daily volume of 545,592 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

iShares Currency Hedged MSCI EAFE ETF Trading Down 0.4%

BATS:HEFA opened at $45.60 on Thursday. The company’s 50-day moving average price is $44.21 and its 200-day moving average price is $43.09. The company has a market cap of $7.68 billion, a P/E ratio of 15.74 and a beta of 0.67. iShares Currency Hedged MSCI EAFE ETF has a twelve month low of $37.05 and a twelve month high of $46.76.

Hedge Funds Weigh In On iShares Currency Hedged MSCI EAFE ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of iShares Currency Hedged MSCI EAFE ETF by 163.3% in the first quarter. Parallel Advisors LLC now owns 12,505 shares of the company’s stock worth $531,000 after buying an additional 7,755 shares in the last quarter. Immaculate Wealth Management LLC purchased a new position in iShares Currency Hedged MSCI EAFE ETF during the first quarter worth about $1,161,000. Arkadios Wealth Advisors raised its stake in iShares Currency Hedged MSCI EAFE ETF by 46.8% during the first quarter. Arkadios Wealth Advisors now owns 17,029 shares of the company’s stock worth $724,000 after purchasing an additional 5,427 shares during the period. EverSource Wealth Advisors LLC raised its stake in iShares Currency Hedged MSCI EAFE ETF by 49.3% during the first quarter. EverSource Wealth Advisors LLC now owns 118,144 shares of the company’s stock worth $5,021,000 after purchasing an additional 39,002 shares during the period. Finally, Crescent Grove Advisors LLC raised its stake in iShares Currency Hedged MSCI EAFE ETF by 7.5% during the first quarter. Crescent Grove Advisors LLC now owns 218,230 shares of the company’s stock worth $9,274,000 after purchasing an additional 15,279 shares during the period.

About iShares Currency Hedged MSCI EAFE ETF

The iShares Currency Hedged MSCI EAFE ETF (HEFA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted, USD-hedged index of large- and mid-cap stocks from developed countries outside the US and Canada. HEFA was launched on Jan 31, 2014 and is managed by BlackRock.