iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Large Growth in Short Interest

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 64,948 shares, an increase of 87.7% from the December 31st total of 34,595 shares. Based on an average daily trading volume, of 44,517 shares, the short-interest ratio is presently 1.5 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 44,517 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in iShares Currency Hedged MSCI Japan ETF by 7,286.6% during the third quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock valued at $7,642,000 after purchasing an additional 153,019 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter valued at about $5,570,000. BNP Paribas Financial Markets acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter valued at about $379,000. Arkadios Wealth Advisors acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF in the 2nd quarter valued at about $201,000. Finally, Murphy & Mullick Capital Management Corp boosted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 43.6% in the third quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock worth $61,000 after buying an additional 358 shares during the last quarter.

iShares Currency Hedged MSCI Japan ETF Stock Performance

HEWJ stock traded up $0.40 on Friday, hitting $55.36. 13,134 shares of the company’s stock were exchanged, compared to its average volume of 36,692. The firm has a 50 day moving average price of $54.27 and a two-hundred day moving average price of $51.22. iShares Currency Hedged MSCI Japan ETF has a 12-month low of $35.81 and a 12-month high of $56.74. The stock has a market cap of $525.92 million, a P/E ratio of 13.45 and a beta of 0.49.

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.