iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Sees Large Volume Increase – Here’s What Happened

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) saw unusually-strong trading volume on Wednesday . Approximately 247,119 shares changed hands during mid-day trading, an increase of 203% from the previous session’s volume of 81,482 shares.The stock last traded at $46.2890 and had previously closed at $46.21.

iShares Currency Hedged MSCI Eurozone ETF Trading Up 0.3%

The company has a market capitalization of $662.52 million, a PE ratio of 16.09 and a beta of 0.76. The firm’s 50-day simple moving average is $44.69 and its 200-day simple moving average is $42.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kelleher Financial Advisors purchased a new position in iShares Currency Hedged MSCI Eurozone ETF during the 3rd quarter worth $26,000. WFA of San Diego LLC bought a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the 2nd quarter worth $41,000. Farther Finance Advisors LLC increased its stake in shares of 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 buying an additional 941 shares during the period. Flagship Harbor Advisors LLC purchased a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the fourth quarter valued at $102,000. Finally, Piscataqua Savings Bank bought a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the fourth quarter valued at about $165,000.

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.