Short Interest in iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Increases By 105.8%

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 85,142 shares, an increase of 105.8% from the May 14th total of 41,371 shares. Based on an average daily volume of 28,586 shares, the short-interest ratio is presently 3.0 days. Currently, 0.7% of the shares of the company are sold short.

iShares Currency Hedged MSCI Eurozone ETF Stock Performance

NYSEARCA HEZU traded up $0.01 on Friday, hitting $49.06. 9,861 shares of the stock traded hands, compared to its average volume of 75,711. The business’s fifty day moving average is $46.70 and its two-hundred day moving average is $45.34. iShares Currency Hedged MSCI Eurozone ETF has a 12 month low of $39.39 and a 12 month high of $49.14. The firm has a market capitalization of $623.06 million, a price-to-earnings ratio of 16.09 and a beta of 0.67.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Kelleher Financial Advisors bought a new position in iShares Currency Hedged MSCI Eurozone ETF during the third quarter valued at $26,000. IFC & Insurance Marketing Inc. bought a new position in iShares Currency Hedged MSCI Eurozone ETF during the fourth quarter valued at $35,000. WFA of San Diego LLC bought a new position in iShares Currency Hedged MSCI Eurozone ETF during the second quarter valued at $41,000. Farther Finance Advisors LLC grew its holdings in iShares Currency Hedged MSCI Eurozone ETF by 198.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,416 shares of the company’s stock valued at $62,000 after purchasing an additional 941 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in iShares Currency Hedged MSCI Eurozone ETF during the fourth quarter valued at $102,000.

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.