STMicroelectronics NV ADRhedged (STHH)

STMicroelectronics NV ADRhedged is an exchange-traded security from Precidian Investments that provides exposure to STMicroelectronics, the Geneva-based semiconductor company, while hedging the currency risk between the euro and the U.S. dollar.

STMicroelectronics designs and manufactures a wide range of chips, including microcontrollers, power semiconductors, analog and sensor devices, used in automotive, industrial, personal electronics and communications equipment. The ADRhedged structure holds the company's shares together with a rolling currency hedge, so its returns more closely reflect the stock's performance in its home currency. It trades on NYSE Arca.