Stock Traders Purchase Large Volume of iShares MSCI United Kingdom ETF Call Options (NYSEARCA:EWU)

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) saw unusually large options trading activity on Wednesday. Investors acquired 6,159 call options on the stock. This is an increase of 753% compared to the average daily volume of 722 call options.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EWU. Flow Traders U.S. LLC boosted its stake in shares of iShares MSCI United Kingdom ETF by 74.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 3,167,448 shares of the company’s stock valued at $125,811,000 after buying an additional 1,351,538 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI United Kingdom ETF by 134.0% during the third quarter. JPMorgan Chase & Co. now owns 1,326,876 shares of the company’s stock worth $55,689,000 after acquiring an additional 759,844 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of iShares MSCI United Kingdom ETF by 23.1% during the second quarter. Bank of America Corp DE now owns 3,663,638 shares of the company’s stock worth $145,520,000 after acquiring an additional 686,519 shares in the last quarter. Union Bancaire Privee UBP SA lifted its holdings in shares of iShares MSCI United Kingdom ETF by 26,300.2% during the 4th quarter. Union Bancaire Privee UBP SA now owns 506,091 shares of the company’s stock valued at $22,323,000 after buying an additional 504,174 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in iShares MSCI United Kingdom ETF by 151.8% in the third quarter. Lido Advisors LLC now owns 251,453 shares of the company’s stock valued at $10,554,000 after acquiring an additional 151,602 shares during the last quarter. Institutional investors and hedge funds own 58.38% of the company’s stock.

iShares MSCI United Kingdom ETF Stock Performance

Shares of iShares MSCI United Kingdom ETF stock traded up $0.67 during trading on Wednesday, reaching $47.41. The company had a trading volume of 1,164,662 shares, compared to its average volume of 2,060,495. iShares MSCI United Kingdom ETF has a fifty-two week low of $32.76 and a fifty-two week high of $47.46. The firm’s fifty day moving average is $44.72 and its 200-day moving average is $42.88. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71.

About iShares MSCI United Kingdom ETF

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.