Stock Traders Buy High Volume of Put Options on iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) saw some unusual options trading on Friday. Investors acquired 174,896 put options on the company. This is an increase of 62% compared to the typical daily volume of 108,090 put options.

iShares MSCI Emerging Markets ETF Stock Performance

EEM traded up $1.55 during midday trading on Friday, hitting $59.60. The stock had a trading volume of 15,431,080 shares, compared to its average volume of 30,866,182. The company has a market cap of $27.63 billion, a P/E ratio of 14.46 and a beta of 0.77. The business has a fifty day moving average of $65.60 and a 200 day moving average of $63.87. iShares MSCI Emerging Markets ETF has a 1 year low of $52.38 and a 1 year high of $71.57.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. XP Advisory US Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at about $566,000. IFP Advisors Inc increased its holdings in shares of iShares MSCI Emerging Markets ETF by 233.9% in the second quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock worth $7,105,000 after purchasing an additional 72,758 shares during the last quarter. First Heartland Consultants Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $17,116,000. Heritage Investors Management Corp bought a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $2,322,000. Finally, Buska Wealth Management LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 77.9% in the third quarter. Buska Wealth Management LLC now owns 74,384 shares of the exchange traded fund’s stock worth $4,968,000 after buying an additional 32,561 shares in the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI Emerging Markets ETF

iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.