iShares MSCI Brazil ETF (NYSEARCA:EWZ – Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock traders bought 205,136 call options on the stock. This is an increase of approximately 49% compared to the typical daily volume of 137,286 call options.
iShares MSCI Brazil ETF Trading Up 0.3%
iShares MSCI Brazil ETF stock traded up $0.12 during mid-day trading on Monday, hitting $35.18. The company’s stock had a trading volume of 16,845,374 shares, compared to its average volume of 29,570,322. The firm has a market capitalization of $8.91 billion, a PE ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a 1 year low of $28.36 and a 1 year high of $42.02. The stock’s fifty day moving average is $34.97 and its two-hundred day moving average is $36.79.
Hedge Funds Weigh In On iShares MSCI Brazil ETF
Hedge funds have recently modified their holdings of the business. Continuum Advisory LLC purchased a new position in iShares MSCI Brazil ETF during the second quarter worth about $25,000. XP Advisory US Inc. purchased a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at approximately $33,000. Highland Investment Advisors LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at approximately $46,000. NewEdge Advisors LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 819.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 293 shares during the last quarter. 72.69% of the stock is currently owned by hedge funds and other institutional investors.
iShares MSCI Brazil ETF Company Profile
iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index 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 Brazilian market, as measured by the MSCI Brazil Index (the Index). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.
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