iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Short Interest Update

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 9,970 shares, a drop of 79.4% from the August 15th total of 48,446 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 56,460 shares, the days-to-cover ratio is presently 0.2 days.

iShares Currency Hedged MSCI Eurozone ETF Trading Up 0.8%

HEZU stock opened at $48.77 on Friday. iShares Currency Hedged MSCI Eurozone ETF has a 12-month low of $40.83 and a 12-month high of $51.68. The business’s 50-day moving average is $49.31 and its 200 day moving average is $47.45. The stock has a market cap of $568.12 million, a price-to-earnings ratio of 16.09 and a beta of 0.66.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HEZU. Goldman Sachs Group Inc. grew its stake in iShares Currency Hedged MSCI Eurozone ETF by 26.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock valued at $6,057,000 after acquiring an additional 32,459 shares in the last quarter. Royal Bank of Canada grew its holdings in iShares Currency Hedged MSCI Eurozone ETF by 4.7% in the 1st quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock valued at $2,013,000 after buying an additional 2,309 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% in the 1st quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after acquiring an additional 21,097 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 3.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,671 shares of the company’s stock worth $520,000 after acquiring an additional 420 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the 3rd quarter worth $279,000.

About iShares Currency Hedged MSCI Eurozone ETF

The iShares Currency Hedged MSCI Eurozone ETF (HEZU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a cap-weighted index of large- and mid-cap securities from the eurozone, while hedging out its exposure to the euro currency relative to the US dollar. HEZU was launched on Jul 10, 2014 and is managed by BlackRock.