iShares MSCI Brazil ETF (NYSEARCA:EWZ) Stock Sees Unusually High Call Option Buying

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of unusually large options trading activity on Friday. Stock traders bought 459,029 call options on the company. This is an increase of approximately 50% compared to the average volume of 306,864 call options.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

Several hedge funds have recently bought and sold shares of EWZ. Contravisory Investment Management Inc. lifted its position in 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 acquiring an additional 383 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of iShares MSCI Brazil ETF by 22.4% in the first quarter. Parallel Advisors LLC now owns 2,511 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 459 shares during the last quarter. First Growth Capital LLC raised its holdings in shares of iShares MSCI Brazil ETF by 4.9% in the first quarter. First Growth Capital LLC now owns 14,683 shares of the exchange traded fund’s stock valued at $563,000 after purchasing an additional 680 shares during the last quarter. Continuum Advisory LLC bought a new position in shares of iShares MSCI Brazil ETF during the second quarter valued at about $25,000. Finally, Hudson Value Partners LLC lifted its position in shares of iShares MSCI Brazil ETF by 2.8% during the second quarter. Hudson Value Partners LLC now owns 32,903 shares of the exchange traded fund’s stock valued at $1,135,000 after purchasing an additional 902 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Up 2.2%

Shares of EWZ opened at $43.54 on Friday. iShares MSCI Brazil ETF has a twelve month low of $28.66 and a twelve month high of $43.90. The firm has a market capitalization of $11.64 billion, a P/E ratio of 9.58 and a beta of 0.57. The firm’s 50-day moving average is $37.06 and its two-hundred day moving average is $36.89.

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.