HEZU Stock Summary and Trading Ideas (iShares Currency Hedged MSCI Eurozone ETF | ARCA:HEZU)

The iShares Currency Hedged MSCI Eurozone ETF seeks to track the investment results of an index composed of large- and mid-capitalization equities from developed market countries which use the euro as their official currency while mitigating exposure to fluctuations between the value of the euro and the U.S. dollar.

iShares Currency Hedged MSCI Eurozone ETF trades on the ARCA stock market under the symbol HEZU.

As of April 22, 2024, HEZU stock price climbed to $35.98 with 11,690 million shares trading.

HEZU has a beta of 0.78, meaning it tends to be less sensitive to market movements. HEZU has a correlation of 0.60 to the broad based SPY ETF.

HEZU has a market cap of $420.97 million. This is considered a Small Cap stock.

In the last 3 years, HEZU stock traded as high as $39.00 and as low as $27.77.

HEZU stock has underperformed the market in the last year with a return of +14.2%, while SPY returned +22.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HEZU shares. However, HEZU has outperformed the market in the last 3 month and 2 week periods, returning +9.3% and -1.2%, while SPY returned +3.7% and -3.7%, respectively. This indicates HEZU has been having a stronger performance recently.

HEZU support price is $35.29 and resistance is $35.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HEZU stock will trade within this expected range on the day.