iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) saw strong trading volume on Tuesday. Approximately 886,934 shares traded hands during trading, an increase of 98% from the average daily volume of 448,157 shares. The stock last traded at $59.4180 and had previously closed at $59.25.

iShares MSCI Italy ETF Stock Down 1.1%

The company has a 50-day moving average price of $58.31 and a 200-day moving average price of $58.25. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.41 and a beta of 0.89.

Institutional Trading of iShares MSCI Italy ETF

Hedge funds have recently added to or reduced their stakes in the business. Cairn Investment Group Inc. bought a new position in shares of iShares MSCI Italy ETF in the second quarter worth $15,604,000. Cibc World Market Inc. bought a new stake in shares of iShares MSCI Italy ETF during the third quarter valued at about $15,334,000. Nilsine Partners LLC raised its stake in shares of iShares MSCI Italy ETF by 1.6% during the second quarter. Nilsine Partners LLC now owns 179,139 shares of the exchange traded fund’s stock valued at $10,612,000 after purchasing an additional 2,900 shares in the last quarter. CacheTech Inc. lifted its holdings in iShares MSCI Italy ETF by 2.4% in the first quarter. CacheTech Inc. now owns 155,026 shares of the exchange traded fund’s stock worth $8,281,000 after purchasing an additional 3,668 shares during the period. Finally, Monument Capital Management grew its position in iShares MSCI Italy ETF by 0.4% in the 3rd quarter. Monument Capital Management now owns 74,156 shares of the exchange traded fund’s stock valued at $4,354,000 after buying an additional 273 shares in the last quarter. Institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Company Profile

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.