iShares MSCI Brazil ETF Sees Unusually Large Options Volume (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) saw some unusual options trading activity on Thursday. Traders bought 204,640 call options on the company. Thisisanincreaseofapproximately69% compared to the typical volume of 120,746 call options.

iShares MSCI Brazil ETF Stock Up 1.6%

NYSEARCA:EWZ opened at $29.49 on Friday. iShares MSCI Brazil ETF has a 52 week low of $22.26 and a 52 week high of $30.52. The firm has a 50 day moving average of $27.84 and a 200 day moving average of $26.84. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 9.58 and a beta of 0.97.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EWZ. North Capital Inc. purchased a new stake in iShares MSCI Brazil ETF during the first quarter valued at approximately $26,000. Parallel Advisors LLC purchased a new stake in iShares MSCI Brazil ETF during the first quarter valued at approximately $28,000. Aberdeen Wealth Management LLC purchased a new stake in iShares MSCI Brazil ETF during the second quarter valued at approximately $29,000. WealthShield Partners LLC purchased a new stake in iShares MSCI Brazil ETF during the first quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. increased its stake in iShares MSCI Brazil ETF by 143.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

About iShares MSCI Brazil ETF

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).