Stock Traders Buy Large Volume of iShares MSCI Taiwan ETF Put Options (NYSEARCA:EWT)

iShares MSCI Taiwan ETF (NYSEARCA:EWT) saw unusually large options trading activity on Monday. Stock investors acquired 20,252 put options on the stock. This is an increase of approximately 1,652% compared to the average volume of 1,156 put options.

Hedge Funds Weigh In On iShares MSCI Taiwan ETF

A number of hedge funds have recently made changes to their positions in the stock. Cullen Capital Management LLC increased its position in iShares MSCI Taiwan ETF by 24.6% during the 2nd quarter. Cullen Capital Management LLC now owns 156,851 shares of the exchange traded fund’s stock valued at $9,003,000 after purchasing an additional 31,016 shares during the period. Bank of Montreal Can lifted its position in shares of iShares MSCI Taiwan ETF by 177.2% in the 2nd quarter. Bank of Montreal Can now owns 2,816 shares of the exchange traded fund’s stock worth $162,000 after purchasing an additional 1,800 shares during the period. City of London Investment Management Co. Ltd. boosted its stake in shares of iShares MSCI Taiwan ETF by 31.9% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 937,565 shares of the exchange traded fund’s stock valued at $53,816,000 after purchasing an additional 226,970 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of iShares MSCI Taiwan ETF by 31.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 80,140 shares of the exchange traded fund’s stock worth $5,099,000 after buying an additional 19,397 shares during the period. Finally, Causeway Capital Management LLC acquired a new stake in shares of iShares MSCI Taiwan ETF during the third quarter worth $706,000.

iShares MSCI Taiwan ETF Trading Up 2.4%

NYSEARCA:EWT traded up $1.69 during trading hours on Monday, hitting $71.68. 3,217,139 shares of the company were exchanged, compared to its average volume of 6,351,876. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 17.58 and a beta of 0.94. iShares MSCI Taiwan ETF has a one year low of $39.44 and a one year high of $77.25. The company has a fifty day simple moving average of $70.22 and a 200 day simple moving average of $66.00.

About iShares MSCI Taiwan ETF

Ishares MSCI Taiwan Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Taiwan IndexSM (the Index). The Index consists of stocks traded primarily on the Taiwan 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. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.