iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) shares saw unusually-high trading volume on Thursday . Approximately 70,691 shares traded hands during mid-day trading, an increase of 217% from the previous session’s volume of 22,305 shares.The stock last traded at $45.0410 and had previously closed at $45.05.

iShares Currency Hedged MSCI Eurozone ETF Trading Up 1.0%

The firm has a fifty day simple moving average of $43.56 and a 200-day simple moving average of $42.15. The stock has a market cap of $645.96 million, a price-to-earnings ratio of 16.09 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HEZU. Flow Traders U.S. LLC raised its holdings in shares of iShares Currency Hedged MSCI Eurozone ETF by 131.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 200,356 shares of the company’s stock worth $8,448,000 after purchasing an additional 113,752 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares Currency Hedged MSCI Eurozone ETF by 21.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 437,715 shares of the company’s stock valued at $17,959,000 after purchasing an additional 78,155 shares during the period. Goldman Sachs Group Inc. boosted its stake in iShares Currency Hedged MSCI Eurozone ETF by 26.4% during the first quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock valued at $6,057,000 after buying an additional 32,459 shares during the period. Sierra Capital LLC purchased a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the second quarter worth about $1,055,000. Finally, Jones Financial Companies Lllp lifted its position 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 valued at $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.