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

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

Hedge Funds Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% in 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 during the period. Flow Traders U.S. LLC purchased a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF in the 3rd quarter valued at about $204,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter valued at about $299,000.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Down 0.2%

Shares of HEEM stock opened at $42.49 on Wednesday. iShares Currency Hedged MSCI Emerging Markets ETF has a 52 week low of $28.71 and a 52 week high of $45.59. The stock has a market capitalization of $240.49 million, a PE ratio of 13.80 and a beta of 0.53. The firm has a 50 day moving average of $41.17 and a two-hundred day moving average of $38.19.

iShares Currency Hedged MSCI Emerging Markets ETF Company Profile

(Get Free Report)

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.

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