iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Sees Large Increase in Short Interest

by · The Markets Daily

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 39,690 shares, an increase of 860.8% from the July 15th total of 4,131 shares. Based on an average daily volume of 16,524 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position in iShares Currency Hedged MSCI Eurozone ETF by 26.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock valued at $6,057,000 after purchasing an additional 32,459 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% during the first quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after purchasing an additional 21,097 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of iShares Currency Hedged MSCI Eurozone ETF in the 3rd quarter valued at about $279,000. Flagship Harbor Advisors LLC purchased a new position in iShares Currency Hedged MSCI Eurozone ETF in the fourth quarter valued at approximately $102,000. Finally, Royal Bank of Canada grew its position in shares of 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 during the last quarter.

iShares Currency Hedged MSCI Eurozone ETF Trading Up 0.3%

HEZU traded up $0.14 during trading hours on Tuesday, hitting $50.36. 15,664 shares of the company’s stock were exchanged, compared to its average volume of 62,600. iShares Currency Hedged MSCI Eurozone ETF has a 12-month low of $40.16 and a 12-month high of $50.99. The firm has a 50 day moving average of $49.04 and a 200 day moving average of $46.85. The firm has a market cap of $586.69 million, a P/E ratio of 16.09 and a beta of 0.66.

iShares Currency Hedged MSCI Eurozone ETF Company Profile

(Get Free Report)

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.

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