iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Short Interest Update

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 23,600 shares, a drop of 76.7% from the June 15th total of 101,259 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 28,714 shares, the days-to-cover ratio is currently 0.8 days.

iShares Currency Hedged MSCI Eurozone ETF Stock Down 0.9%

Shares of HEZU stock traded down $0.42 during mid-day trading on Monday, reaching $48.39. 9,516 shares of the stock traded hands, compared to its average volume of 69,704. The company has a market cap of $563.74 million, a price-to-earnings ratio of 16.09 and a beta of 0.66. The stock’s fifty day simple moving average is $48.17 and its two-hundred day simple moving average is $46.18. iShares Currency Hedged MSCI Eurozone ETF has a 1-year low of $39.39 and a 1-year high of $50.19.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Eurozone ETF

A number of institutional investors have recently added to or reduced their stakes in HEZU. Flow Traders U.S. LLC raised its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 131.3% during the third quarter. Flow Traders U.S. LLC now owns 200,356 shares of the company’s stock valued at $8,448,000 after acquiring an additional 113,752 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in iShares Currency Hedged MSCI Eurozone ETF by 26.4% in the first 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 during the period. Royal Bank of Canada increased its holdings in iShares Currency Hedged MSCI Eurozone ETF by 4.7% in the first quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock valued at $2,013,000 after purchasing an additional 2,309 shares during the period. Jones Financial Companies Lllp increased its position in iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% during the 1st 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 period. Finally, Ameriprise Financial Inc. raised its stake in 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 worth $520,000 after buying an additional 420 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.