iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Short Interest Update

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 3,925 shares, a drop of 50.2% from the April 30th total of 7,884 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 25,477 shares, the days-to-cover ratio is presently 0.2 days.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Up 2.1%

Shares of BATS HEEM opened at $45.05 on Tuesday. The firm’s 50-day moving average price is $40.29 and its 200-day moving average price is $37.82. The company has a market cap of $254.98 million, a PE ratio of 13.80 and a beta of 0.53. iShares Currency Hedged MSCI Emerging Markets ETF has a 52-week low of $28.51 and a 52-week high of $45.27.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

A number of institutional investors and hedge funds have recently made changes to their positions in HEEM. Flow Traders U.S. LLC purchased a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF in the third quarter worth approximately $204,000. Jones Financial Companies Lllp purchased a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF in the first quarter worth approximately $299,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% in the third 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 last quarter.

About iShares Currency Hedged MSCI Emerging Markets ETF

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.