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

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 250,482 call options on the company. This is an increase of approximately 48% compared to the average volume of 169,691 call options.

iShares MSCI Brazil ETF Trading Up 4.2%

EWZ opened at $35.02 on Thursday. The business’s 50 day moving average is $32.67 and its 200-day moving average is $30.48. The stock has a market cap of $7.64 billion, a PE ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a twelve month low of $23.05 and a twelve month high of $35.04.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Several large investors have recently modified their holdings of EWZ. Belvedere Trading LLC purchased a new position in iShares MSCI Brazil ETF in the third quarter worth $537,000. Sumitomo Mitsui Trust Group Inc. raised its position in iShares MSCI Brazil ETF by 152.9% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 32,670 shares of the exchange traded fund’s stock valued at $943,000 after purchasing an additional 19,750 shares in the last quarter. Cypress Capital Group lifted its stake in iShares MSCI Brazil ETF by 152.9% during the second quarter. Cypress Capital Group now owns 101,625 shares of the exchange traded fund’s stock worth $2,932,000 after purchasing an additional 61,435 shares during the last quarter. Truist Financial Corp purchased a new position in shares of iShares MSCI Brazil ETF in the 2nd quarter worth about $498,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of iShares MSCI Brazil ETF by 298.7% in the 2nd quarter. Osaic Holdings Inc. now owns 72,457 shares of the exchange traded fund’s stock worth $2,091,000 after purchasing an additional 54,284 shares in the last quarter. 72.69% of the stock is owned by institutional investors.

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). 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.