iShares MSCI Brazil ETF Target of Unusually Large Options Trading (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) saw unusually large options trading activity on Tuesday. Stock traders purchased 411,774 call options on the stock. This is an increase of 208% compared to the average daily volume of 133,763 call options.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ opened at $29.87 on Thursday. iShares MSCI Brazil ETF has a 1 year low of $22.26 and a 1 year high of $31.46. The company has a 50 day simple moving average of $29.25 and a two-hundred day simple moving average of $27.80. The firm has a market cap of $5.63 billion, a P/E ratio of 9.58 and a beta of 0.97.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Institutional investors have recently added to or reduced their stakes in the stock. North Capital Inc. bought a new position in shares of iShares MSCI Brazil ETF during the 1st quarter valued at approximately $26,000. Aberdeen Wealth Management LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the second quarter valued at $29,000. Parallel Advisors LLC purchased a new position in shares of iShares MSCI Brazil ETF during the 1st quarter worth about $28,000. First Horizon Advisors Inc. grew its holdings 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 during the last quarter. Finally, WealthShield Partners LLC purchased a new stake in iShares MSCI Brazil ETF in the 1st quarter worth about $37,000. 72.69% of the stock is 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).