The iShares Currency Hedged MSCI EAFE Small-Cap ETF (the “Fund”) is an open-end management investment company. The Fund seeks to track the investment results of an index composed of small capitalization developed market equities, excluding the U.S. and Canada, while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar, as represented by the MSCI EAFE Small-Cap 100% Hedged to USD Index (the “Index”). As of Jul 31 2015, the Fund's total assets were $2,582,794 and the Fund's investment portfolio was valued at $2,525,391. We show 2 historical shares outstanding datapoints in our HSCZ shares outstanding history coverage, used to compute HSCZ market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HSCZ market cap history over the course of time is important for investors
interested in comparing HSCZ's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HSCZ versus a peer is one thing; comparing
HSCZ market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HSCZ can fluctuate over the course of history.
With this page we aim to empower investors researching HSCZ by allowing them to research the HSCZ market cap history. |
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Video: The Importance of Market Cap
