Stock Traders Buy Large Volume of Call Options on iShares MSCI Japan ETF (NYSEARCA:EWJ)

iShares MSCI Japan ETF (NYSEARCA:EWJ) saw some unusual options trading activity on Tuesday. Traders bought 9,177 call options on the company. This is an increase of approximately 53% compared to the typical volume of 5,988 call options.

iShares MSCI Japan ETF Trading Up 2.0%

NYSEARCA EWJ opened at $93.10 on Wednesday. The firm’s fifty day simple moving average is $83.94 and its two-hundred day simple moving average is $81.71. The firm has a market capitalization of $18.17 billion, a P/E ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a 12-month low of $59.84 and a 12-month high of $93.57.

Institutional Investors Weigh In On iShares MSCI Japan ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC purchased a new position in shares of iShares MSCI Japan ETF in the 4th quarter valued at approximately $26,000. JPL Wealth Management LLC acquired a new position in iShares MSCI Japan ETF during the 3rd quarter valued at approximately $26,000. Hantz Financial Services Inc. acquired a new position in iShares MSCI Japan ETF during the 3rd quarter valued at approximately $26,000. LRI Investments LLC purchased a new position in shares of iShares MSCI Japan ETF in the second quarter worth $26,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of iShares MSCI Japan ETF during the fourth quarter worth $29,000. 64.60% of the stock is currently owned by hedge funds and other institutional investors.

About iShares MSCI Japan ETF

iShares MSCI Japan ETF (the fund), formerly Ishares Msci Japan Index Fund, is an exchange-traded fund. The 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 Japanese market, as measured by the MSCI Japan Index (the Index). The Index consists of stocks traded primarily on the Tokyo Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.