Traders Buy Large Volume of Put Options on Global X MSCI Greece ETF (NYSEARCA:GREK)

Global X MSCI Greece ETF (NYSEARCA:GREK) saw unusually large options trading activity on Friday. Stock traders purchased 4,705 put options on the company. This is an increase of 5,247% compared to the average daily volume of 88 put options.

Institutional Investors Weigh In On Global X MSCI Greece ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GREK. UBS Group AG raised its holdings in Global X MSCI Greece ETF by 1,244.1% in the third quarter. UBS Group AG now owns 153,480 shares of the exchange traded fund’s stock worth $9,884,000 after purchasing an additional 142,061 shares in the last quarter. Jordan Park Group LLC boosted its holdings in shares of Global X MSCI Greece ETF by 73.1% during the 3rd quarter. Jordan Park Group LLC now owns 197,396 shares of the exchange traded fund’s stock valued at $12,712,000 after buying an additional 83,385 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Global X MSCI Greece ETF in the 2nd quarter worth about $4,721,000. Arlington Capital Management Inc. bought a new position in shares of Global X MSCI Greece ETF in the 2nd quarter worth about $4,528,000. Finally, TD Waterhouse Canada Inc. lifted its position in Global X MSCI Greece ETF by 3,120.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 58,261 shares of the exchange traded fund’s stock valued at $3,296,000 after acquiring an additional 56,452 shares during the period.

Global X MSCI Greece ETF Trading Down 1.9%

Global X MSCI Greece ETF stock traded down $1.23 during trading hours on Friday, hitting $64.92. 67,762 shares of the stock traded hands, compared to its average volume of 76,228. Global X MSCI Greece ETF has a one year low of $38.60 and a one year high of $67.29. The firm’s 50-day moving average price is $64.16 and its two-hundred day moving average price is $61.43. The company has a market cap of $294.09 million, a PE ratio of 10.65 and a beta of 0.89.

Global X MSCI Greece ETF Company Profile

The Global X MSCI Greece ETF (GREK) is an exchange-traded fund that is based on the MSCI All Greece Select 25-50 index, a market-cap-weighted index of about 15 Greek firms. GREK was launched on Dec 7, 2011 and is managed by Global X.