(HEFA) iShares Currency Hedged - Ratings and Ratios

The iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) is an exchange-traded fund that invests in large- and mid-capitalization equities in Europe, Australasia, and the Far East, while hedging against currency fluctuations between the component currencies and the U.S. dollar. This allows investors to gain exposure to international developed markets while minimizing the impact of exchange rate volatility.

From a portfolio perspective, HEFAs underlying index is composed of a diversified mix of international equities, providing a broad representation of the developed markets outside of North America. The funds currency-hedged approach can help reduce the risk associated with currency fluctuations, making it a potentially attractive option for investors seeking to gain exposure to international equities while managing currency risk.

Key performance indicators (KPIs) to monitor for HEFA include its tracking error relative to its underlying index, the MSCI EAFE Index, as well as its expense ratio and trading liquidity. With an AUM of $6.26 billion, HEFA is a relatively large and liquid ETF, which can help minimize trading costs and ensure that investors can enter and exit positions efficiently. Additionally, investors should monitor the funds hedging strategy and its effectiveness in mitigating currency risk.

From a technical analysis perspective, HEFAs price action suggests that it is currently trading above its 20-day and 50-day simple moving averages (SMA20 and SMA50), indicating a short-term uptrend. The funds relative strength index (RSI) and Bollinger Bands could be used to further assess its technical position and identify potential trading opportunities. Investors should also monitor the funds support and resistance levels, which are currently identified at $37.5, $37.2, $36.8, $36.2, and $35.5.