iShares MSCI South Korea ETF (NYSEARCA:EWY) Sees Large Volume Increase – Time to Buy?

iShares MSCI South Korea ETF (NYSEARCA:EWY) saw an uptick in trading volume on Wednesday . 14,900,018 shares changed hands during trading, an increase of 2% from the previous session’s volume of 14,606,835 shares.The stock last traded at $130.62 and had previously closed at $132.34.

iShares MSCI South Korea ETF Price Performance

The business’s 50 day moving average is $119.88 and its 200-day moving average is $97.77. The company has a market cap of $13.44 billion, a PE ratio of 10.35 and a beta of 1.22.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in iShares MSCI South Korea ETF during the fourth quarter worth approximately $26,000. Nvwm LLC purchased a new position in shares of iShares MSCI South Korea ETF in the 4th quarter valued at $29,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of iShares MSCI South Korea ETF in the 4th quarter valued at $31,000. Berbice Capital Management LLC acquired a new stake in iShares MSCI South Korea ETF during the 4th quarter worth $34,000. Finally, Strategic Advocates LLC acquired a new stake in iShares MSCI South Korea ETF during the 4th quarter worth $38,000. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

About iShares MSCI South Korea ETF

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.