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 strong trading volume on Friday . 553,230 shares changed hands during trading, an increase of 206% from the previous session’s volume of 180,784 shares.The stock last traded at $62.46 and had previously closed at $62.34.

iShares Currency Hedged MSCI Japan ETF Stock Performance

The firm has a market cap of $799.87 million, a price-to-earnings ratio of 13.45 and a beta of 0.47. The business has a 50 day simple moving average of $58.99 and a 200-day simple moving average of $56.77.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HEWJ. SBI Securities Co. Ltd. boosted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 34.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 857 shares of the company’s stock worth $45,000 after buying an additional 218 shares during the last quarter. Murphy & Mullick Capital Management Corp boosted its stake in shares of 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 buying an additional 358 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 10.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,935 shares of the company’s stock worth $243,000 after buying an additional 453 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter worth approximately $379,000. Finally, Ascentis Independent Advisors boosted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 51.3% in the 1st quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after buying an additional 4,619 shares during the last quarter.

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.