iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Sees Unusually-High Trading Volume – Still a Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) shares saw unusually-high trading volume on Monday . Approximately 74,285 shares were traded during trading, an increase of 15% from the previous session’s volume of 64,379 shares.The stock last traded at $50.73 and had previously closed at $50.68.

iShares Currency Hedged MSCI Eurozone ETF Stock Down 0.1%

The firm has a market capitalization of $589.61 million, a P/E ratio of 16.09 and a beta of 0.66. The company’s 50 day moving average is $49.20 and its 200-day moving average is $46.96.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its position in shares of iShares Currency Hedged MSCI Eurozone ETF by 3.4% during the second quarter. Ameriprise Financial Inc. now owns 12,671 shares of the company’s stock valued at $520,000 after acquiring an additional 420 shares during the last quarter. Kelleher Financial Advisors purchased a new position in iShares Currency Hedged MSCI Eurozone ETF in the third quarter worth $26,000. IFC & Insurance Marketing Inc. purchased a new position in iShares Currency Hedged MSCI Eurozone ETF in the fourth quarter worth $35,000. Farther Finance Advisors LLC grew its stake in iShares Currency Hedged MSCI Eurozone ETF by 198.1% in the 4th 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, WFA of San Diego LLC bought a new position in iShares Currency Hedged MSCI Eurozone ETF in the 2nd quarter valued at $41,000.

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.