iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Short Interest Up 283.2% in July

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 57,910 shares, an increase of 283.2% from the July 15th total of 15,113 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 258,986 shares, the days-to-cover ratio is presently 0.2 days.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Performance

Shares of BATS HEEM traded up $0.11 during trading on Friday, hitting $42.48. The company had a trading volume of 4,786 shares, compared to its average volume of 85,020. iShares Currency Hedged MSCI Emerging Markets ETF has a 52 week low of $30.88 and a 52 week high of $46.49. The business’s 50-day moving average is $42.63 and its 200 day moving average is $40.63. The company has a market cap of $240.44 million, a P/E ratio of 13.80 and a beta of 0.53.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

Several hedge funds have recently modified their holdings of HEEM. Ameriprise Financial Inc. increased its stake in iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% in 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. Flow Traders U.S. LLC acquired a new stake in iShares Currency Hedged MSCI Emerging Markets ETF during the 3rd quarter worth about $204,000. Finally, Jones Financial Companies Lllp purchased a new stake in iShares Currency Hedged MSCI Emerging Markets ETF during the first quarter valued at about $299,000.

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.