iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Short Interest Up 1,028.2% in May

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 41,371 shares, an increase of 1,028.2% from the April 30th total of 3,667 shares. Based on an average daily trading volume, of 146,822 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

iShares Currency Hedged MSCI Eurozone ETF Price Performance

Shares of HEZU traded down $0.03 during mid-day trading on Wednesday, reaching $48.13. The company had a trading volume of 18,173 shares, compared to its average volume of 80,107. iShares Currency Hedged MSCI Eurozone ETF has a twelve month low of $39.39 and a twelve month high of $48.54. The company’s 50-day moving average is $45.52 and its 200-day moving average is $44.91. The company has a market capitalization of $611.25 million, a P/E ratio of 16.09 and a beta of 0.67.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

A number of hedge funds have recently modified their holdings of the stock. 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 buying an additional 113,752 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 worth $6,057,000 after buying an additional 32,459 shares in the last quarter. Royal Bank of Canada raised its holdings 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 worth $2,013,000 after buying an additional 2,309 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% in the 1st quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after buying an additional 21,097 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares Currency Hedged MSCI Eurozone ETF by 3.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,671 shares of the company’s stock worth $520,000 after buying an additional 420 shares in the last quarter.

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.