Stock Traders Buy High Volume of iShares MSCI Brazil ETF Call Options (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the target of unusually large options trading on Friday. Stock traders bought 2,120,187 call options on the stock. This is an increase of 429% compared to the typical daily volume of 400,654 call options.

iShares MSCI Brazil ETF Trading Up 1.8%

Shares of EWZ stock opened at $42.59 on Friday. The firm’s 50 day moving average is $38.54 and its 200 day moving average is $37.24. iShares MSCI Brazil ETF has a 12-month low of $30.44 and a 12-month high of $43.90. The stock has a market capitalization of $13.99 billion, a P/E ratio of 9.58 and a beta of 0.57.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Large investors have recently modified their holdings of the business. Contravisory Investment Management Inc. raised its position in shares of iShares MSCI Brazil ETF by 2.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 17,487 shares of the exchange traded fund’s stock valued at $603,000 after purchasing an additional 383 shares during the last quarter. Parallel Advisors LLC boosted its stake in iShares MSCI Brazil ETF by 22.4% in the 1st quarter. Parallel Advisors LLC now owns 2,511 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 459 shares in the last quarter. First Growth Capital LLC boosted its stake in iShares MSCI Brazil ETF by 4.9% in the 1st quarter. First Growth Capital LLC now owns 14,683 shares of the exchange traded fund’s stock worth $563,000 after purchasing an additional 680 shares in the last quarter. Continuum Advisory LLC purchased a new stake in iShares MSCI Brazil ETF during the 2nd quarter worth approximately $25,000. Finally, Hudson Value Partners LLC grew its position in iShares MSCI Brazil ETF by 2.8% during the 2nd quarter. Hudson Value Partners LLC now owns 32,903 shares of the exchange traded fund’s stock worth $1,135,000 after purchasing an additional 902 shares during the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Company Profile

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.