iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) Sees Significant Growth in Short Interest

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 443,910 shares, a growth of 113.5% from the May 14th total of 207,878 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 482,585 shares, the days-to-cover ratio is presently 0.9 days.

iShares Currency Hedged MSCI EAFE ETF Trading Up 0.3%

Shares of HEFA opened at $46.06 on Friday. The company has a market capitalization of $7.76 billion, a PE ratio of 15.74 and a beta of 0.67. iShares Currency Hedged MSCI EAFE ETF has a 12 month low of $37.05 and a 12 month high of $46.76. The stock’s 50-day moving average price is $44.69 and its two-hundred day moving average price is $43.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HEFA. Ameriprise Financial Inc. lifted its holdings in iShares Currency Hedged MSCI EAFE ETF by 14.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,618,320 shares of the company’s stock worth $251,244,000 after buying an additional 848,415 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in iShares Currency Hedged MSCI EAFE ETF by 1,953.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 19,592 shares of the company’s stock worth $776,000 after buying an additional 18,638 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of iShares Currency Hedged MSCI EAFE ETF by 8.3% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 100,077 shares of the company’s stock valued at $3,964,000 after purchasing an additional 7,709 shares during the period. BOKF NA boosted its position in shares of iShares Currency Hedged MSCI EAFE ETF by 2.7% during the 3rd quarter. BOKF NA now owns 428,583 shares of the company’s stock valued at $16,976,000 after purchasing an additional 11,276 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in shares of iShares Currency Hedged MSCI EAFE ETF during the 3rd quarter valued at about $49,000.

iShares Currency Hedged MSCI EAFE ETF Company Profile

The iShares Currency Hedged MSCI EAFE ETF (HEFA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted, USD-hedged index of large- and mid-cap stocks from developed countries outside the US and Canada. HEFA was launched on Jan 31, 2014 and is managed by BlackRock.