iShares MSCI South Korea ETF Sees Unusually High Options Volume (NYSEARCA:EWY)

iShares MSCI South Korea ETF (NYSEARCA:EWY) saw some unusual options trading on Tuesday. Investors purchased 227,037 call options on the company. This is an increase of 120% compared to the typical daily volume of 103,055 call options.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

A number of large investors have recently bought and sold shares of EWY. Oppenheimer & Co. Inc. purchased a new position in iShares MSCI South Korea ETF in the 3rd quarter valued at about $1,689,000. Park Avenue Securities LLC purchased a new position in iShares MSCI South Korea ETF in the 3rd quarter worth about $2,778,000. Tower View Wealth Management LLC grew its position in iShares MSCI South Korea ETF by 5.4% during the third quarter. Tower View Wealth Management LLC now owns 20,084 shares of the exchange traded fund’s stock valued at $3,671,000 after purchasing an additional 1,022 shares in the last quarter. Capelight Capital Asset Management LP grew its position in iShares MSCI South Korea ETF by 67.2% in the third quarter. Capelight Capital Asset Management LP now owns 41,800 shares of the exchange traded fund’s stock worth $7,640,000 after acquiring an additional 16,800 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of iShares MSCI South Korea ETF during the 3rd quarter worth about $383,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Up 3.1%

Shares of NYSEARCA:EWY traded up $4.69 during trading on Tuesday, reaching $157.41. The company had a trading volume of 6,629,422 shares, compared to its average volume of 18,865,672. iShares MSCI South Korea ETF has a 12 month low of $86.90 and a 12 month high of $220.89. The company has a fifty day moving average of $176.76 and a two-hundred day moving average of $161.09. The stock has a market capitalization of $22.97 billion, a P/E ratio of 10.35 and a beta of 1.51.

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.