Traders Buy Large Volume of iShares MSCI Brazil ETF Put Options (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) saw unusually large options trading on Thursday. Stock investors bought 313,307 put options on the stock. This is an increase of approximately 42% compared to the average daily volume of 220,090 put options.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Several institutional investors have recently bought and sold shares of the stock. Polianta Ltd bought a new position in shares of iShares MSCI Brazil ETF in the second quarter worth approximately $9,356,000. Empowered Funds LLC bought a new stake in iShares MSCI Brazil ETF during the 1st quarter valued at $3,065,000. Cercano Management LLC purchased a new stake in iShares MSCI Brazil ETF during the 4th quarter valued at $15,598,000. Randolph Co Inc purchased a new stake in iShares MSCI Brazil ETF during the 1st quarter valued at $33,390,000. Finally, Nilsine Partners LLC boosted its position in iShares MSCI Brazil ETF by 9.5% during the 2nd quarter. Nilsine Partners LLC now owns 228,895 shares of the exchange traded fund’s stock valued at $7,897,000 after buying an additional 19,835 shares during the period. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Stock Down 1.2%

NYSEARCA:EWZ traded down $0.47 during midday trading on Thursday, hitting $36.91. The company had a trading volume of 8,109,764 shares, compared to its average volume of 29,052,092. The company has a market capitalization of $8.46 billion, a PE ratio of 9.58 and a beta of 0.62. iShares MSCI Brazil ETF has a 52-week low of $28.66 and a 52-week high of $42.02. The stock’s fifty day moving average price is $36.21 and its 200-day moving average price is $36.64.

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.