iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Shares Down 2.5% – Should You Sell?

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) shares were down 2.5% during mid-day trading on Thursday . The stock traded as low as $41.19 and last traded at $41.29. Approximately 117,558 shares were traded during trading, an increase of 83% from the average session volume of 64,143 shares. The stock had previously closed at $42.37.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The stock has a market cap of $233.70 million, a price-to-earnings ratio of 13.80 and a beta of 0.53. The stock’s 50-day moving average is $43.45 and its 200-day moving average is $39.91.

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

Several hedge funds have recently made changes to their positions in HEEM. Flow Traders U.S. LLC purchased a new stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF in the third quarter valued at $204,000. Jones Financial Companies Lllp acquired a new position in iShares Currency Hedged MSCI Emerging Markets ETF in the first quarter valued at $299,000. Finally, Ameriprise Financial Inc. lifted its position in iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% during 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 period.

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.