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

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) saw unusually-high trading volume on Monday. 2,482,528 shares traded hands during trading, an increase of 3,490% from the previous session’s volume of 69,142 shares. The stock last traded at $47.9910 and had previously closed at $48.05.

iShares Currency Hedged MSCI Eurozone ETF Stock Up 0.2%

The company has a market cap of $559.55 million, a price-to-earnings ratio of 16.09 and a beta of 0.66. The company’s 50-day moving average is $49.17 and its 200 day moving average is $48.06.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in iShares Currency Hedged MSCI Eurozone ETF stock. Farther Finance Advisors LLC bought a new position in shares of iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 865 shares of the company’s stock, valued at approximately $42,000.

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.