iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Sees Significant Decrease in Short Interest

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 9,970 shares, a decline of 79.4% from the August 15th total of 48,446 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 56,460 shares, the short-interest ratio is currently 0.2 days.

iShares Currency Hedged MSCI Eurozone ETF Price Performance

Shares of HEZU stock traded up $0.39 during trading hours on Friday, hitting $48.79. The company had a trading volume of 467,444 shares, compared to its average volume of 65,432. The stock has a market capitalization of $568.40 million, a PE ratio of 16.09 and a beta of 0.66. The company’s fifty day moving average is $49.30 and its 200 day moving average is $47.46. iShares Currency Hedged MSCI Eurozone ETF has a fifty-two week low of $40.83 and a fifty-two week high of $51.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HEZU. Goldman Sachs Group Inc. increased its stake in shares of 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 worth $6,057,000 after buying an additional 32,459 shares during the period. Royal Bank of Canada boosted its stake in shares of 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 buying an additional 2,309 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares Currency Hedged MSCI Eurozone ETF in the third quarter worth $279,000. WFA of San Diego LLC purchased a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF during the 2nd quarter worth approximately $41,000. Finally, Ameriprise Financial Inc. grew its stake in 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 valued at $520,000 after acquiring 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.