iShares Currency Hedged MSCI ACWI ex U.S. ETF (NYSEARCA:HAWX) Sees Significant Drop in Short Interest

iShares Currency Hedged MSCI ACWI ex U.S. ETF (NYSEARCA:HAWX) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 15,864 shares, a decline of 67.5% from the May 14th total of 48,756 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 21,410 shares, the days-to-cover ratio is presently 0.7 days.

iShares Currency Hedged MSCI ACWI ex U.S. ETF Price Performance

Shares of iShares Currency Hedged MSCI ACWI ex U.S. ETF stock traded up $0.18 during trading on Friday, hitting $45.63. 38,013 shares of the company were exchanged, compared to its average volume of 25,567. The firm has a market capitalization of $348.61 million, a P/E ratio of 15.74 and a beta of 0.51. iShares Currency Hedged MSCI ACWI ex U.S. ETF has a 1-year low of $34.49 and a 1-year high of $46.17. The firm’s fifty day moving average price is $43.97 and its 200 day moving average price is $41.96.

Hedge Funds Weigh In On iShares Currency Hedged MSCI ACWI ex U.S. ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. grew its position in shares of iShares Currency Hedged MSCI ACWI ex U.S. ETF by 31.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,945 shares of the company’s stock valued at $74,000 after purchasing an additional 460 shares during the period. Nova Wealth Management Inc. grew its position in shares of iShares Currency Hedged MSCI ACWI ex U.S. ETF by 559.1% in the 4th quarter. Nova Wealth Management Inc. now owns 13,992 shares of the company’s stock valued at $552,000 after purchasing an additional 11,869 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of iShares Currency Hedged MSCI ACWI ex U.S. ETF by 15.2% in the 2nd quarter. NewEdge Advisors LLC now owns 217,635 shares of the company’s stock valued at $7,693,000 after purchasing an additional 28,659 shares during the period.

iShares Currency Hedged MSCI ACWI ex U.S. ETF Company Profile

The iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of global large- and mid-cap stocks outside the US, hedged against movements in the underlying currencies for US investors. HAWX was launched on Jun 29, 2015 and is managed by BlackRock.