This Tiny European ETF, Up 2.92%, Is Today’s Biggest ETF Gainer

The iShares Currency Hedged MSCI Europe Small-Cap ETF (HEUS) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a +2.92% one-day return and outperforming the wider markets by a total of 2.42 percentage points.

Behind The Gains

HEUS closed today at $0.00 per share, up $0.71 (+2.92%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up a much smaller $1.12 (+0.50%) on the day.

HEUS’s trading volume today was a total of 1,900 shares, which was an increase of 149% versus its average daily trading volume of 762. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes. HEUS has very low volume in general, which can correspond with big daily moves.

Including any dividends as well as today’s gains, HEUS has now returned a total of 2.92% year-to-date, versus a 1.57% gain in the S&P 500 during the same timeframe.

A Look Under The Hood

iShares Currency Hedged MSCI Europe Small-Cap ETF is a Equity-focused product issued by iShares. Its expense ratio of 0.42% makes it the #18 cheapest ETF among 89 total funds in the European Equities ETFs category.

HEUS currently boasts only $1.23M in assets under management (AUM), placing it #90 of 89 ETFs in its category, and #1883 of 1920 total ETFs in the U.S. exchange traded universe. This is a tiny fund with very little interest among investors.

The investment objective of the iShares Currency Hedged MSCI Europe Small-Cap ETF seeks to replicate the MSCI Europe Small Cap 100% Hedged to USD Index. This is a currency-hedged, market-cap-weighted index of small-cap companies in developed European countries.

HEUS SMART Grade

HEUS currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #76 of 93 funds in the European Equities ETFs category.

For more information about this ETF, including full ratings, news, data, and more, please visit HEUS’s ticker page.

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