Investors Purchase Large Volume of Call Options on iShares MSCI United Kingdom ETF (NYSEARCA:EWU)

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the target of some unusual options trading on Wednesday. Stock traders purchased 6,159 call options on the company. This represents an increase of 753% compared to the average daily volume of 722 call options.

iShares MSCI United Kingdom ETF Stock Up 1.5%

Shares of NYSEARCA:EWU opened at $47.43 on Thursday. The stock has a market capitalization of $3.07 billion, a PE ratio of 15.42 and a beta of 0.71. The firm’s 50 day moving average price is $44.80 and its 200-day moving average price is $42.91. iShares MSCI United Kingdom ETF has a twelve month low of $32.76 and a twelve month high of $47.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC increased its stake in shares of iShares MSCI United Kingdom ETF by 74.4% in the 2nd quarter. Flow Traders U.S. LLC now owns 3,167,448 shares of the company’s stock worth $125,811,000 after purchasing an additional 1,351,538 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares MSCI United Kingdom ETF by 134.0% during the third quarter. JPMorgan Chase & Co. now owns 1,326,876 shares of the company’s stock valued at $55,689,000 after purchasing an additional 759,844 shares in the last quarter. Bank of America Corp DE grew its holdings in iShares MSCI United Kingdom ETF by 23.1% during the second quarter. Bank of America Corp DE now owns 3,663,638 shares of the company’s stock valued at $145,520,000 after purchasing an additional 686,519 shares during the period. Picton Mahoney Asset Management increased its position in iShares MSCI United Kingdom ETF by 101.0% in the fourth quarter. Picton Mahoney Asset Management now owns 6,220 shares of the company’s stock worth $274,000 after buying an additional 640,000 shares in the last quarter. Finally, Union Bancaire Privee UBP SA increased its position in iShares MSCI United Kingdom ETF by 26,300.2% in the fourth quarter. Union Bancaire Privee UBP SA now owns 506,091 shares of the company’s stock worth $22,323,000 after buying an additional 504,174 shares in the last quarter. Hedge funds and other institutional investors own 58.38% of the company’s stock.

iShares MSCI United Kingdom ETF Company Profile

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.