iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Share Price Cross Below 200 Day Moving Average – What’s Next?

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.71 and traded as low as $41.14. iShares Currency Hedged MSCI Japan ETF shares last traded at $41.25, with a volume of 68,826 shares trading hands.

iShares Currency Hedged MSCI Japan ETF Stock Down 1.5 %

The stock has a market cap of $369.19 million, a price-to-earnings ratio of 17.09 and a beta of 0.70. The business’s 50 day simple moving average is $41.78 and its 200 day simple moving average is $41.71.

Institutional Trading of 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 lifted its stake in shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) by 11.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,926 shares of the company’s stock after buying an additional 600 shares during the quarter. Rappaport Reiches Capital Management LLC owned about 0.07% of iShares Currency Hedged MSCI Japan ETF worth $243,000 as of its most recent SEC filing.

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.