iShares MSCI Brazil ETF Sees Unusually Large Options Volume (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) saw unusually large options trading on Monday. Stock traders bought 205,136 call options on the company. This represents an increase of 49% compared to the typical daily volume of 137,286 call options.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

Several institutional investors have recently bought and sold shares of the company. Continuum Advisory LLC purchased a new stake in iShares MSCI Brazil ETF during the second quarter worth about $25,000. XP Advisory US Inc. purchased a new position in shares of iShares MSCI Brazil ETF in the second quarter valued at approximately $33,000. NewEdge Advisors LLC boosted its stake in shares of iShares MSCI Brazil ETF by 819.7% in the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 1,500 shares during the period. Highland Investment Advisors LLC acquired a new position in shares of iShares MSCI Brazil ETF in the second quarter valued at approximately $46,000. Finally, Parallel Advisors LLC grew its holdings in shares of iShares MSCI Brazil ETF by 16.7% in the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 293 shares in the last quarter. 72.69% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ traded up $0.12 during midday trading on Monday, hitting $35.18. 16,845,374 shares of the stock were exchanged, compared to its average volume of 29,570,322. iShares MSCI Brazil ETF has a 52-week low of $28.36 and a 52-week high of $42.02. The stock has a fifty day simple moving average of $34.97 and a 200 day simple moving average of $36.79. The firm has a market cap of $8.91 billion, a P/E ratio of 9.58 and a beta of 0.61.

About iShares MSCI Brazil ETF

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.