Short Interest in iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Grows By 4,796.3%

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 192,180 shares, an increase of 4,796.3% from the May 14th total of 3,925 shares. Approximately 3.4% of the company’s shares are short sold. Based on an average daily volume of 54,799 shares, the days-to-cover ratio is presently 3.5 days.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

iShares Currency Hedged MSCI Emerging Markets ETF stock traded down $0.08 during mid-day trading on Tuesday, reaching $42.49. 17,613 shares of the company traded hands, compared to its average volume of 34,009. The firm’s 50 day moving average price is $41.04 and its 200 day moving average price is $38.13. The firm has a market capitalization of $240.49 million, a price-to-earnings ratio of 13.80 and a beta of 0.53. iShares Currency Hedged MSCI Emerging Markets ETF has a 52-week low of $28.71 and a 52-week high of $45.59.

Institutional Trading of iShares Currency Hedged MSCI Emerging Markets ETF

A number of hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings in shares of iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock valued at $884,000 after buying an additional 1,146 shares in the last quarter. Flow Traders U.S. LLC bought a new position in iShares Currency Hedged MSCI Emerging Markets ETF in the 3rd quarter worth about $204,000. Finally, Jones Financial Companies Lllp bought a new position in iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter worth about $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.