Traders Buy High Volume of Put Options on iShares MSCI South Korea ETF (NYSEARCA:EWY)

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the recipient of some unusual options trading on Thursday. Traders acquired 191,464 put options on the company. This represents an increase of 102% compared to the average volume of 94,783 put options.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

A number of large investors have recently made changes to their positions in EWY. Prestige Wealth Management Group LLC purchased a new stake in iShares MSCI South Korea ETF during the first quarter worth about $25,000. Viewpoint Capital Management LLC increased its holdings in iShares MSCI South Korea ETF by 20,000.0% in the first quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. Archer Investment Corp purchased a new position in iShares MSCI South Korea ETF in the first quarter valued at about $25,000. Parallel Advisors LLC acquired a new stake in shares of iShares MSCI South Korea ETF during the 1st quarter valued at approximately $29,000. Finally, Sunbelt Securities Inc. lifted its position in shares of iShares MSCI South Korea ETF by 66.2% during the 1st quarter. Sunbelt Securities Inc. now owns 251 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Performance

NYSEARCA:EWY traded down $7.68 during trading hours on Thursday, hitting $205.28. The company’s stock had a trading volume of 12,867,800 shares, compared to its average volume of 18,874,529. The business’s 50-day moving average is $161.68 and its two-hundred day moving average is $130.13. The company has a market capitalization of $27.31 billion, a PE ratio of 10.35 and a beta of 1.45. iShares MSCI South Korea ETF has a 52-week low of $65.12 and a 52-week high of $217.76.

iShares MSCI South Korea ETF Company Profile

iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.