iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) saw an uptick in trading volume on Thursday . 829,882 shares were traded during mid-day trading, an increase of 215% from the previous session’s volume of 263,632 shares.The stock last traded at $31.59 and had previously closed at $31.70.

iShares MSCI Spain ETF Stock Up 0.5 %

The firm’s fifty day moving average price is $32.07 and its two-hundred day moving average price is $32.93. The stock has a market capitalization of $990.91 million, a PE ratio of 12.75 and a beta of 0.76.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in iShares MSCI Spain ETF during the third quarter valued at $4,051,000. Zacks Investment Management raised its stake in shares of iShares MSCI Spain ETF by 194.4% in the third quarter. Zacks Investment Management now owns 59,848 shares of the exchange traded fund’s stock worth $2,112,000 after buying an additional 39,519 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of iShares MSCI Spain ETF during the 3rd quarter valued at about $1,218,000. DRW Securities LLC bought a new position in shares of iShares MSCI Spain ETF during the 2nd quarter valued at approximately $1,025,000. Finally, Arizona PSPRS Trust purchased a new stake in iShares MSCI Spain ETF in the 3rd quarter worth approximately $716,000.

About iShares MSCI Spain ETF

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index Fund, is an exchange-traded fund. The 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 Spanish market, as measured by the MSCI Spain Index (the Index).