iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Stock Short Interest Declines 85.8%

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

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

A number of hedge funds have recently modified their holdings of HEWJ. Arkadios Wealth Advisors boosted its stake in iShares Currency Hedged MSCI Japan ETF by 13.9% in the 1st quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock valued at $324,000 after buying an additional 700 shares in the last quarter. Compass Financial Management LLC bought 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 lifted its position in shares of 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 purchasing an additional 4,619 shares in the last quarter.

iShares Currency Hedged MSCI Japan ETF Trading Up 1.1%

HEWJ stock traded up $0.70 during trading on Friday, reaching $65.48. 22,003 shares of the stock were exchanged, compared to its average volume of 134,099. iShares Currency Hedged MSCI Japan ETF has a twelve month low of $48.91 and a twelve month high of $66.92. The company has a market capitalization of $651.53 million, a P/E ratio of 13.45 and a beta of 0.49. The stock has a 50 day simple moving average of $64.30 and a 200-day simple moving average of $61.91.

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.