iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Trading 1.6% Higher – What’s Next?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) rose 1.6% during mid-day trading on Thursday . The stock traded as high as $42.87 and last traded at $42.85. Approximately 58,062 shares were traded during trading, a decline of 54% from the average daily volume of 126,787 shares. The stock had previously closed at $42.16.

iShares Currency Hedged MSCI Japan ETF Trading Up 1.6 %

The stock’s fifty day simple moving average is $42.22 and its 200 day simple moving average is $41.77. The company has a market cap of $383.51 million, a price-to-earnings ratio of 17.09 and a beta of 0.70.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

A hedge fund recently raised its stake in iShares Currency Hedged MSCI Japan ETF stock. Rappaport Reiches Capital Management LLC boosted its stake in shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) by 11.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,926 shares of the company’s stock after buying an additional 600 shares during the period. Rappaport Reiches Capital Management LLC owned 0.07% of iShares Currency Hedged MSCI Japan ETF worth $243,000 at the end of the most recent quarter.

About iShares Currency Hedged MSCI Japan ETF

The iShares Currency Hedged MSCI Japan ETF (HEWJ) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap Japanese stocks, while fully hedging out its exposure to the yen relative to the US dollar. HEWJ was launched on Jan 31, 2014 and is managed by BlackRock.