Short Interest in iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Increases By 87.7%

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw a large increase in short interest in 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 volume of 44,517 shares, the short-interest ratio is currently 1.5 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 44,517 shares, the short-interest ratio is currently 1.5 days.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Large investors have recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp raised 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 valued at $61,000 after purchasing an additional 358 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 2nd quarter worth approximately $201,000. BNP Paribas Financial Markets acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter valued at $379,000. OVERSEA CHINESE BANKING Corp Ltd grew its stake in iShares Currency Hedged MSCI Japan ETF by 0.3% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 89,530 shares of the company’s stock worth $4,010,000 after buying an additional 228 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new position in iShares Currency Hedged MSCI Japan ETF in the 3rd quarter valued at $5,570,000.

iShares Currency Hedged MSCI Japan ETF Stock Performance

HEWJ traded up $0.40 during trading on Friday, reaching $55.36. The company had a trading volume of 13,134 shares, compared to its average volume of 36,692. iShares Currency Hedged MSCI Japan ETF has a 12-month low of $35.81 and a 12-month high of $56.74. The company has a market cap of $525.92 million, a price-to-earnings ratio of 13.45 and a beta of 0.49. The firm’s 50-day simple moving average is $54.27 and its 200 day simple moving average is $51.17.

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.