Short Interest in iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Drops By 79.1%

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 44,739 shares, a decrease of 79.1% from the April 15th total of 214,359 shares. Based on an average daily volume of 202,249 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

iShares Currency Hedged MSCI Japan ETF Trading Up 0.2%

iShares Currency Hedged MSCI Japan ETF stock opened at $61.20 on Tuesday. iShares Currency Hedged MSCI Japan ETF has a 12 month low of $42.05 and a 12 month high of $61.22. The stock’s 50 day moving average is $57.89 and its 200-day moving average is $55.98. The company has a market capitalization of $783.36 million, a price-to-earnings ratio of 13.45 and a beta of 0.47.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its position in shares of iShares Currency Hedged MSCI Japan ETF by 34.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 857 shares of the company’s stock valued at $45,000 after purchasing an additional 218 shares during the last quarter. Murphy & Mullick Capital Management Corp grew its position 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 valued at $61,000 after purchasing an additional 358 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of iShares Currency Hedged MSCI Japan ETF by 10.1% in the third quarter. Arkadios Wealth Advisors now owns 4,935 shares of the company’s stock valued at $243,000 after purchasing an additional 453 shares during the last quarter. Ascentis Independent Advisors grew its position in shares of iShares Currency Hedged MSCI Japan ETF by 51.3% in the first quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock valued at $767,000 after purchasing an additional 4,619 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF in the third quarter valued at approximately $379,000.

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.