Short Interest in iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Drops By 79.4%

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

iShares Currency Hedged MSCI Eurozone ETF Stock Performance

HEZU stock opened at $48.77 on Friday. The firm has a market cap of $568.12 million, a PE ratio of 16.09 and a beta of 0.66. The firm’s 50 day moving average price is $49.31 and its 200-day moving average price is $47.45. iShares Currency Hedged MSCI Eurozone ETF has a one year low of $40.83 and a one year high of $51.68.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Eurozone ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEZU. Ameriprise Financial Inc. lifted its holdings in shares of iShares Currency Hedged MSCI Eurozone ETF by 3.4% in the second quarter. Ameriprise Financial Inc. now owns 12,671 shares of the company’s stock valued at $520,000 after purchasing an additional 420 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the third quarter valued at approximately $26,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the 4th quarter worth approximately $35,000. WFA of San Diego LLC purchased a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the 2nd quarter worth approximately $41,000. Finally, Royal Bank of Canada raised its position in shares of iShares Currency Hedged MSCI Eurozone ETF by 4.7% during the 1st quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock worth $2,013,000 after purchasing an additional 2,309 shares during 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.