iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Trading Down 2.5% – Here’s What Happened

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) shares fell 2.5% on Thursday . The company traded as low as $41.19 and last traded at $41.29. 117,558 shares changed hands during trading, an increase of 83% from the average session volume of 64,143 shares. The stock had previously closed at $42.37.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Performance

The company has a market cap of $232.06 million, a P/E ratio of 13.80 and a beta of 0.53. The firm’s fifty day moving average is $43.41 and its two-hundred day moving average is $39.92.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in shares of iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% in the third quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock worth $884,000 after buying an additional 1,146 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $204,000. Finally, Jones Financial Companies Lllp bought a new stake in iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter worth approximately $299,000.

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.