Short Interest in iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Drops By 76.7%

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 23,600 shares, a decline of 76.7% from the June 15th total of 101,259 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 28,714 shares, the days-to-cover ratio is currently 0.8 days.

iShares Currency Hedged MSCI Eurozone ETF Price Performance

Shares of NYSEARCA HEZU traded up $0.09 during trading hours on Friday, hitting $48.81. 222,965 shares of the stock were exchanged, compared to its average volume of 70,167. The firm has a market capitalization of $568.64 million, a P/E ratio of 16.09 and a beta of 0.66. iShares Currency Hedged MSCI Eurozone ETF has a one year low of $39.39 and a one year high of $50.19. The company’s 50 day moving average is $48.17 and its 200 day moving average is $46.18.

Institutional Trading of iShares Currency Hedged MSCI Eurozone ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kelleher Financial Advisors bought a new position in iShares Currency Hedged MSCI Eurozone ETF in the 3rd quarter worth approximately $26,000. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the fourth quarter valued at approximately $35,000. WFA of San Diego LLC bought a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the second quarter valued at approximately $41,000. Farther Finance Advisors LLC grew its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 198.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,416 shares of the company’s stock worth $62,000 after acquiring an additional 941 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in iShares Currency Hedged MSCI Eurozone ETF in the 4th 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.