HEWJ Stock Summary and Trading Ideas (iShares Currency Hedged MSCI Japan ETF | ARCA:HEWJ)

The iShares Currency Hedged MSCI Japan ETF (the Fund ) seeks to track the investment results of an index composed of large- and mid-capitalization Japanese equities while mitigating exposure to fluctuations between the value of the Japanese yen and the U.S. dollar.

iShares Currency Hedged MSCI Japan ETF trades on the ARCA stock market under the symbol HEWJ.

As of April 19, 2024, HEWJ stock price declined to $40.17 with 145,449 million shares trading.

HEWJ has a beta of 0.85, meaning it tends to be less sensitive to market movements. HEWJ has a correlation of 0.45 to the broad based SPY ETF.

HEWJ has a market cap of $333.41 million. This is considered a Small Cap stock.

In the last 3 years, HEWJ stock traded as high as $42.37 and as low as $26.08.

HEWJ has outperformed the market in the last year with a price return of +39.0% while the SPY ETF gained +21.2%. HEWJ has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.0% and -2.1%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

HEWJ support price is $40.02 and resistance is $40.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HEWJ stock will trade within this expected range on the day.