Short Interest in iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Drops By 79.4%

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 9,115 shares, a decrease of 79.4% from the May 31st total of 44,335 shares. Based on an average trading volume of 33,585 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

Several hedge funds and other institutional investors have recently bought and sold shares of HEWJ. 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 worth $19,468,000 after purchasing an additional 214,312 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake 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 worth $9,094,000 after purchasing an additional 59,104 shares during the period. Williams Jones Wealth Management LLC. bought a new position in iShares Currency Hedged MSCI Japan ETF during the fourth quarter worth about $3,507,000. Ascentis Independent Advisors boosted its holdings in iShares Currency Hedged MSCI Japan ETF by 51.3% during 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. Finally, BNP Paribas Financial Markets acquired a new stake in iShares Currency Hedged MSCI Japan ETF during the third quarter valued at approximately $379,000.

iShares Currency Hedged MSCI Japan ETF Stock Performance

Shares of NYSEARCA:HEWJ traded down $0.57 during midday trading on Friday, hitting $63.71. The company’s stock had a trading volume of 15,365 shares, compared to its average volume of 162,837. The stock has a market capitalization of $815.49 million, a price-to-earnings ratio of 13.45 and a beta of 0.48. The stock’s 50 day simple moving average is $61.69 and its 200 day simple moving average is $58.24. iShares Currency Hedged MSCI Japan ETF has a fifty-two week low of $43.41 and a fifty-two week high of $66.92.

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.