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

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) saw a significant 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. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 146,822 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of iShares Currency Hedged MSCI Eurozone ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HEZU. Flow Traders U.S. LLC increased its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 131.3% in the third quarter. Flow Traders U.S. LLC now owns 200,356 shares of the company’s stock valued at $8,448,000 after buying an additional 113,752 shares in the last quarter. Goldman Sachs Group Inc. increased 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 valued at $6,057,000 after buying an additional 32,459 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% in the first quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock valued at $892,000 after buying an additional 21,097 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the third quarter valued at $311,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the third quarter valued at $279,000.

iShares Currency Hedged MSCI Eurozone ETF Price Performance

Shares of HEZU stock traded down $0.03 during trading hours on Wednesday, hitting $48.13. 18,173 shares of the company’s stock were exchanged, compared to its average volume of 80,107. The stock’s 50-day moving average is $45.52 and its 200-day moving average is $44.91. The stock has a market cap of $611.25 million, a price-to-earnings ratio of 16.09 and a beta of 0.67. iShares Currency Hedged MSCI Eurozone ETF has a 52 week low of $39.39 and a 52 week high of $48.54.

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.