iShares MSCI South Korea ETF Target of Unusually High Options Trading (NYSEARCA:EWY)

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the target of unusually large options trading on Wednesday. Traders acquired 134,589 put options on the stock. This is an increase of approximately 76% compared to the typical daily volume of 76,321 put options.

iShares MSCI South Korea ETF Stock Up 5.7%

EWY stock traded up $10.13 during midday trading on Wednesday, hitting $188.63. The company’s stock had a trading volume of 18,727,479 shares, compared to its average volume of 19,303,295. The stock’s 50-day moving average price is $141.91 and its 200 day moving average price is $119.04. iShares MSCI South Korea ETF has a 1 year low of $58.19 and a 1 year high of $194.58. The stock has a market cap of $25.10 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Viewpoint Capital Management LLC boosted its position 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 worth $25,000 after purchasing an additional 200 shares during the last quarter. Archer Investment Corp purchased a new position in iShares MSCI South Korea ETF in the first quarter worth $25,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in iShares MSCI South Korea ETF in the fourth quarter worth $26,000. Nvwm LLC purchased a new position in iShares MSCI South Korea ETF in the fourth quarter worth $29,000. Finally, Parallel Advisors LLC purchased a new position in iShares MSCI South Korea ETF in the first quarter worth $29,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

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.