Traders Purchase High Volume of iShares MSCI Brazil ETF Call Options (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 445,846 call options on the company. This represents an increase of approximately 152% compared to the average volume of 176,896 call options.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

Several institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP increased its holdings in shares of iShares MSCI Brazil ETF by 34.1% in the second quarter. Corient Private Wealth LP now owns 16,811 shares of the exchange traded fund’s stock worth $580,000 after acquiring an additional 4,274 shares in the last quarter. Schulz Wealth LTD. acquired a new position in shares of iShares MSCI Brazil ETF during the 2nd quarter worth approximately $237,000. Nilsine Partners LLC raised its stake in iShares MSCI Brazil ETF by 9.5% in the 2nd quarter. Nilsine Partners LLC now owns 228,895 shares of the exchange traded fund’s stock valued at $7,897,000 after acquiring an additional 19,835 shares during the period. XP Advisory US Inc. acquired a new stake in iShares MSCI Brazil ETF during the 2nd quarter valued at $33,000. Finally, Highland Investment Advisors LLC bought a new position in iShares MSCI Brazil ETF during the second quarter worth $46,000. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

iShares MSCI Brazil ETF stock traded up $0.74 during midday trading on Tuesday, reaching $38.60. 19,727,371 shares of the company’s stock were exchanged, compared to its average volume of 29,429,674. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of 9.58 and a beta of 0.62. The stock’s 50-day simple moving average is $35.49 and its 200 day simple moving average is $36.68. iShares MSCI Brazil ETF has a 52 week low of $28.66 and a 52 week high of $42.02.

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.