iShares MSCI Canada ETF (NYSEARCA:EWC) Stock Sees Heavy Put Option Buying

iShares MSCI Canada ETF (NYSEARCA:EWC) was the recipient of some unusual options trading on Monday. Investors purchased 10,013 put options on the company. This is an increase of 306% compared to the average volume of 2,469 put options.

iShares MSCI Canada ETF Trading Up 0.1%

EWC opened at $58.78 on Tuesday. iShares MSCI Canada ETF has a 12 month low of $49.31 and a 12 month high of $62.71. The business’s 50-day moving average price is $60.74 and its 200-day moving average price is $58.70. The company has a market cap of $7.07 billion, a P/E ratio of 19.77 and a beta of 0.87.

Institutional Trading of iShares MSCI Canada ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of iShares MSCI Canada ETF by 52.4% during the first quarter. The Manufacturers Life Insurance Company now owns 4,841,833 shares of the exchange traded fund’s stock valued at $265,284,000 after acquiring an additional 1,663,788 shares in the last quarter. Stairway Partners LLC bought a new stake in iShares MSCI Canada ETF in the third quarter valued at $47,867,000. Graham Capital Management L.P. boosted its holdings in iShares MSCI Canada ETF by 525.5% in the fourth quarter. Graham Capital Management L.P. now owns 806,849 shares of the exchange traded fund’s stock valued at $43,513,000 after acquiring an additional 677,849 shares in the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in iShares MSCI Canada ETF during the 1st quarter valued at $30,134,000. Finally, Metis Global Partners LLC purchased a new position in iShares MSCI Canada ETF during the 4th quarter valued at $25,125,000.

iShares MSCI Canada ETF Company Profile

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). 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 Canadian market, as measured by the MSCI Canada Index (the Index). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.