Investors Purchase High Volume of iShares MSCI Germany ETF Put Options (NYSEARCA:EWG)

iShares MSCI Germany ETF (NYSEARCA:EWG) was the target of unusually large options trading activity on Friday. Stock investors bought 2,544 put options on the stock. This represents an increase of 94% compared to the typical volume of 1,308 put options.

Hedge Funds Weigh In On iShares MSCI Germany ETF

A number of institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in shares of iShares MSCI Germany ETF by 1,650.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 439,889 shares of the exchange traded fund’s stock worth $18,198,000 after acquiring an additional 414,755 shares in the last quarter. Lido Advisors LLC boosted its stake in iShares MSCI Germany ETF by 168.6% during the first quarter. Lido Advisors LLC now owns 485,803 shares of the exchange traded fund’s stock worth $19,272,000 after acquiring an additional 304,946 shares in the last quarter. Idaho Trust Co bought a new stake in iShares MSCI Germany ETF during the third quarter worth about $2,639,000. Vontobel Holding Ltd. bought a new stake in iShares MSCI Germany ETF during the third quarter worth about $1,473,000. Finally, Whalen Wealth Management Inc. purchased a new stake in iShares MSCI Germany ETF in the third quarter worth about $1,102,000. 53.42% of the stock is owned by institutional investors.

iShares MSCI Germany ETF Stock Down 2.4%

Shares of NYSEARCA:EWG traded down $1.03 on Friday, hitting $41.72. The company had a trading volume of 231,907 shares, compared to its average volume of 1,590,697. The firm’s 50-day simple moving average is $42.18 and its two-hundred day simple moving average is $42.24. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 17.79 and a beta of 0.97. iShares MSCI Germany ETF has a 1 year low of $37.97 and a 1 year high of $44.85.

iShares MSCI Germany ETF Company Profile

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