Short Interest in iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Declines By 94.5%

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 3,667 shares, a drop of 94.5% from the April 15th total of 66,364 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 28,740 shares, the short-interest ratio is presently 0.1 days.

iShares Currency Hedged MSCI Eurozone ETF Stock Performance

Shares of HEZU stock traded up $0.42 during mid-day trading on Wednesday, hitting $46.57. The company’s stock had a trading volume of 39,668 shares, compared to its average volume of 85,096. The stock has a market cap of $591.44 million, a price-to-earnings ratio of 16.09 and a beta of 0.67. iShares Currency Hedged MSCI Eurozone ETF has a 52-week low of $39.39 and a 52-week high of $48.54. The business has a 50-day moving average price of $44.96 and a 200 day moving average price of $44.61.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

A number of hedge funds have recently bought and sold shares of HEZU. Kelleher Financial Advisors purchased a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF during the 3rd quarter valued at about $26,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the fourth quarter valued at approximately $35,000. WFA of San Diego LLC bought a new position in iShares Currency Hedged MSCI Eurozone ETF during the second quarter valued at approximately $41,000. Farther Finance Advisors LLC lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 198.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,416 shares of the company’s stock valued at $62,000 after purchasing an additional 941 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in iShares Currency Hedged MSCI Eurozone ETF in the fourth quarter worth approximately $102,000.

iShares Currency Hedged MSCI Eurozone ETF Company Profile

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.