iShares MSCI Brazil ETF Sees Unusually High Options Volume (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of unusually large options trading on Monday. Stock investors acquired 205,136 call options on the company. This is an increase of approximately 49% compared to the typical daily volume of 137,286 call options.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC acquired a new stake in shares of iShares MSCI Brazil ETF in the second quarter worth $25,000. XP Advisory US Inc. acquired a new position in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at about $33,000. Highland Investment Advisors LLC acquired a new position in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at about $46,000. NewEdge Advisors LLC lifted its position in shares of iShares MSCI Brazil ETF by 819.7% in the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of iShares MSCI Brazil ETF by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 293 shares during the period. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Up 2.0%

EWZ stock opened at $35.88 on Wednesday. iShares MSCI Brazil ETF has a one year low of $28.36 and a one year high of $42.02. The firm has a market capitalization of $9.08 billion, a PE ratio of 9.58 and a beta of 0.61. The firm has a 50-day moving average of $35.01 and a two-hundred day moving average of $36.76.

About iShares MSCI Brazil ETF

iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index (the Index). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.