iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Unusually-High Trading Volume – Here’s Why

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw unusually-strong trading volume on Friday . Approximately 989,130 shares changed hands during trading, an increase of 840% from the previous session’s volume of 105,276 shares.The stock last traded at $58.80 and had previously closed at $59.22.

iShares Currency Hedged MSCI Japan ETF Stock Up 0.0%

The business’s 50-day simple moving average is $55.72 and its 200-day simple moving average is $52.64. The stock has a market cap of $563.35 million, a PE ratio of 13.45 and a beta of 0.49.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

A number of large investors have recently made changes to their positions in the business. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 0.3% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 89,530 shares of the company’s stock valued at $4,010,000 after acquiring an additional 228 shares in the last quarter. Arkadios Wealth Advisors bought a new position in iShares Currency Hedged MSCI Japan ETF in the 2nd quarter worth $201,000. JPMorgan Chase & Co. lifted its position in shares of iShares Currency Hedged MSCI Japan ETF by 7,286.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock worth $7,642,000 after purchasing an additional 153,019 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of iShares Currency Hedged MSCI Japan ETF by 34.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 857 shares of the company’s stock worth $45,000 after purchasing an additional 218 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter valued at about $379,000.

iShares Currency Hedged MSCI Japan ETF Company Profile

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.