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

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 179,192 call options on the company. This is an increase of 39% compared to the average volume of 128,545 call options.

Institutional Trading of iShares MSCI Brazil ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EWZ. North Capital Inc. bought a new position in iShares MSCI Brazil ETF in the 1st quarter worth about $26,000. Parallel Advisors LLC bought a new position in iShares MSCI Brazil ETF in the 1st quarter worth about $28,000. Aberdeen Wealth Management LLC bought a new position in iShares MSCI Brazil ETF in the 2nd quarter worth about $29,000. WealthShield Partners LLC bought a new position in iShares MSCI Brazil ETF in the 1st quarter worth about $37,000. Finally, First Horizon Advisors Inc. boosted its stake in iShares MSCI Brazil ETF by 143.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 775 shares in the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Price Performance

NYSEARCA:EWZ opened at $30.51 on Tuesday. The firm’s 50-day moving average price is $28.13 and its 200-day moving average price is $27.20. The company has a market capitalization of $5.68 billion, a PE ratio of 9.58 and a beta of 0.97. iShares MSCI Brazil ETF has a 1-year low of $22.26 and a 1-year high of $30.65.

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).