iShares Currency Hedged MSCI EMU ETF (NYSEARCA:HEZU) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares Currency Hedged MSCI EMU ETF (NYSEARCA:HEZU) saw unusually-strong trading volume on Tuesday . Approximately 526,187 shares changed hands during mid-day trading, an increase of 448% from the previous session’s volume of 95,977 shares.The stock last traded at $39.16 and had previously closed at $38.97.

iShares Currency Hedged MSCI EMU ETF Stock Down 3.3 %

The company has a market cap of $692.41 million, a price-to-earnings ratio of 16.65 and a beta of 0.94. The firm has a 50 day moving average price of $39.52 and a two-hundred day moving average price of $37.35.

Institutional Investors Weigh In On iShares Currency Hedged MSCI EMU ETF

A number of institutional investors have recently modified their holdings of HEZU. Harbour Investments Inc. acquired a new position in iShares Currency Hedged MSCI EMU ETF in the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp acquired a new position in shares of iShares Currency Hedged MSCI EMU ETF during the 4th quarter valued at $64,000. FMR LLC boosted its stake in iShares Currency Hedged MSCI EMU ETF by 21.4% during the third quarter. FMR LLC now owns 2,120 shares of the company’s stock worth $78,000 after acquiring an additional 374 shares in the last quarter. High Falls Advisors Inc acquired a new stake in iShares Currency Hedged MSCI EMU ETF in the third quarter worth $220,000. Finally, Deutsche Bank AG increased its stake in iShares Currency Hedged MSCI EMU ETF by 364.9% in the fourth quarter. Deutsche Bank AG now owns 8,600 shares of the company’s stock valued at $308,000 after purchasing an additional 6,750 shares in the last quarter.

About iShares Currency Hedged MSCI EMU 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.