Short Interest in iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Declines By 82.9%

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 7,884 shares, a decrease of 82.9% from the April 15th total of 46,127 shares. Based on an average daily trading volume, of 15,805 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

iShares Currency Hedged MSCI Emerging Markets ETF Trading Up 0.4%

Shares of iShares Currency Hedged MSCI Emerging Markets ETF stock opened at $43.44 on Tuesday. The stock has a fifty day simple moving average of $38.68 and a 200 day simple moving average of $36.96. iShares Currency Hedged MSCI Emerging Markets ETF has a 12-month low of $28.41 and a 12-month high of $43.57. The company has a market capitalization of $245.87 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

Institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC bought a new stake in iShares Currency Hedged MSCI Emerging Markets ETF during the third quarter worth $204,000. Jones Financial Companies Lllp bought a new stake in iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter worth about $299,000. Finally, Ameriprise Financial Inc. grew its position 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.

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.