iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Shares Shorted: Short Interest Down 85.8% in September

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 9,673 shares, a drop of 85.8% from the August 31st total of 68,180 shares. Based on an average daily volume of 212,128 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

iShares Currency Hedged MSCI Japan ETF Price Performance

NYSEARCA HEWJ traded up $0.69 during trading on Friday, reaching $65.47. 12,890 shares of the company’s stock were exchanged, compared to its average volume of 134,048. The business has a 50 day moving average price of $64.23 and a 200-day moving average price of $61.88. The stock has a market capitalization of $651.42 million, a P/E ratio of 13.45 and a beta of 0.49. iShares Currency Hedged MSCI Japan ETF has a fifty-two week low of $48.91 and a fifty-two week high of $66.92.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Large investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors lifted its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 13.9% during the first quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock worth $324,000 after buying an additional 700 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF in the second quarter valued at about $96,000. Finally, Ascentis Independent Advisors increased its position in iShares Currency Hedged MSCI Japan ETF by 51.3% during the first quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after acquiring an additional 4,619 shares during the period.

About iShares Currency Hedged MSCI Japan ETF

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.