iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Sees Large Drop in Short Interest

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 15,113 shares, a decrease of 38.1% from the June 30th total of 24,429 shares. Based on an average daily trading volume, of 341,416 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of iShares Currency Hedged MSCI Emerging Markets ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its position in iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock worth $884,000 after purchasing an additional 1,146 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter valued at about $299,000. Finally, Flow Traders U.S. LLC purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF in the 3rd quarter valued at about $204,000.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Performance

Shares of BATS:HEEM opened at $40.88 on Friday. The business’s fifty day moving average price is $43.10 and its two-hundred day moving average price is $40.30. The stock has a market cap of $231.38 million, a PE ratio of 13.80 and a beta of 0.53. iShares Currency Hedged MSCI Emerging Markets ETF has a one year low of $30.18 and a one year high of $46.49.

iShares Currency Hedged MSCI Emerging Markets ETF Company Profile

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.