iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Sees Large Drop in Short Interest

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 4,131 shares, a decline of 82.5% from the June 30th total of 23,600 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 36,809 shares, the days-to-cover ratio is currently 0.1 days.

iShares Currency Hedged MSCI Eurozone ETF Stock Performance

HEZU traded up $0.18 on Friday, hitting $48.47. 22,761 shares of the company were exchanged, compared to its average volume of 66,374. The stock’s fifty day moving average is $48.58 and its 200-day moving average is $46.48. iShares Currency Hedged MSCI Eurozone ETF has a 12 month low of $39.39 and a 12 month high of $50.19. The company has a market cap of $564.68 million, a PE ratio of 16.09 and a beta of 0.66.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Eurozone ETF

A number of institutional investors and hedge funds have recently made changes to their positions in HEZU. Royal Bank of Canada grew its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 4.7% in the first quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock valued at $2,013,000 after buying an additional 2,309 shares in the last quarter. Jones Financial Companies Lllp raised its position in iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% during the first quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after acquiring an additional 21,097 shares in the last quarter. Goldman Sachs Group Inc. raised its position in iShares Currency Hedged MSCI Eurozone ETF by 26.4% during the first quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock worth $6,057,000 after acquiring an additional 32,459 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in 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 acquiring an additional 420 shares during the last quarter. Finally, WFA of San Diego LLC bought a new position in iShares Currency Hedged MSCI Eurozone ETF during the second quarter worth about $41,000.

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.