iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Short Interest Up 860.8% in July

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 39,690 shares, an increase of 860.8% from the July 15th total of 4,131 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 16,524 shares, the days-to-cover ratio is presently 2.4 days.

iShares Currency Hedged MSCI Eurozone ETF Stock Down 0.0%

Shares of NYSEARCA HEZU traded down $0.02 during midday trading on Thursday, hitting $50.64. The stock had a trading volume of 1,779 shares, compared to its average volume of 62,606. The business’s 50 day moving average is $49.10 and its 200-day moving average is $46.88. iShares Currency Hedged MSCI Eurozone ETF has a 52 week low of $40.16 and a 52 week high of $50.99. The company has a market cap of $589.96 million, a P/E ratio of 16.09 and a beta of 0.66.

Institutional Trading of iShares Currency Hedged MSCI Eurozone ETF

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in shares of 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 worth $6,057,000 after purchasing an additional 32,459 shares during the last quarter. Royal Bank of Canada increased its holdings in 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 position in 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 during the last quarter. Ameriprise Financial Inc. lifted its stake in iShares Currency Hedged MSCI Eurozone ETF by 3.4% during 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 period. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new position in iShares Currency Hedged MSCI Eurozone ETF during the 3rd quarter valued at about $279,000.

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.