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

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 39,690 shares, a growth of 860.8% from the July 15th total of 4,131 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 16,524 shares, the days-to-cover ratio is presently 2.4 days.

iShares Currency Hedged MSCI Eurozone ETF Price Performance

Shares of NYSEARCA HEZU traded up $0.14 during trading on Tuesday, hitting $50.36. 15,664 shares of the company were exchanged, compared to its average volume of 62,600. iShares Currency Hedged MSCI Eurozone ETF has a 1 year low of $40.16 and a 1 year high of $50.99. The company has a market cap of $586.69 million, a price-to-earnings ratio of 16.09 and a beta of 0.66. The firm’s fifty day moving average price is $49.04 and its 200 day moving average price is $46.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in iShares Currency Hedged MSCI Eurozone ETF by 198.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,416 shares of the company’s stock valued at $62,000 after buying an additional 941 shares in the last quarter. WFA of San Diego LLC purchased a new position in iShares Currency Hedged MSCI Eurozone ETF in the 2nd quarter valued at approximately $41,000. Goldman Sachs Group Inc. increased its stake 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. Royal Bank of Canada raised its holdings in iShares Currency Hedged MSCI Eurozone ETF by 4.7% during the first quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock worth $2,013,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in 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 during the last quarter.

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.