Short Interest in iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Grows By 4,796.3%
by Scott Moore · The Cerbat GemiShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM – Get Free Report) saw a significant 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. Based on an average daily trading volume, of 54,799 shares, the days-to-cover ratio is currently 3.5 days. Currently, 3.4% of the company’s shares are short sold.
iShares Currency Hedged MSCI Emerging Markets ETF Stock Performance
Shares of BATS HEEM traded down $0.08 during mid-day trading on Tuesday, hitting $42.49. The stock had a trading volume of 17,613 shares, compared to its average volume of 34,009. iShares Currency Hedged MSCI Emerging Markets ETF has a 1 year low of $28.71 and a 1 year high of $45.59. The business has a 50 day moving average price of $41.04 and a two-hundred day moving average price of $38.13. The firm has a market cap of $240.49 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 bought and sold shares of the business. Flow Traders U.S. LLC purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF during the 3rd quarter valued at $204,000. Jones Financial Companies Lllp purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF during the 1st quarter valued at $299,000. Finally, Ameriprise Financial Inc. increased its position in 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 purchasing an additional 1,146 shares during the period.
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.