iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Sees Significant Decline in Short Interest

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,925 shares, a decline of 50.2% from the April 30th total of 7,884 shares. Based on an average daily volume of 25,477 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Performance

BATS:HEEM opened at $44.13 on Monday. iShares Currency Hedged MSCI Emerging Markets ETF has a 12 month low of $28.41 and a 12 month high of $44.27. The firm has a fifty day simple moving average of $40.13 and a 200-day simple moving average of $37.75. The company has a market capitalization of $249.78 million, a P/E ratio of 13.80 and a beta of 0.53.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

Several institutional investors and hedge funds have recently made changes to their positions in HEEM. Jones Financial Companies Lllp acquired a new stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF during the first quarter worth $299,000. Flow Traders U.S. LLC acquired a new stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF during the third quarter worth $204,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% during 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 during the period.

iShares Currency Hedged MSCI Emerging Markets ETF Company Profile

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.