Investors Buy Large Volume of iShares MSCI Germany ETF Put Options (NYSEARCA:EWG)

iShares MSCI Germany ETF (NYSEARCA:EWG) saw unusually large options trading on Friday. Stock traders bought 6,023 put options on the stock. This represents an increase of approximately 208% compared to the average daily volume of 1,953 put options.

iShares MSCI Germany ETF Price Performance

Shares of EWG stock opened at $44.32 on Friday. iShares MSCI Germany ETF has a 1 year low of $32.82 and a 1 year high of $44.62. The stock’s 50 day simple moving average is $43.20 and its two-hundred day simple moving average is $42.03. The company has a market cap of $1.81 billion, a PE ratio of 17.79 and a beta of 1.03.

Institutional Trading of iShares MSCI Germany ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in iShares MSCI Germany ETF by 55.3% during the fourth quarter. Invesco Ltd. now owns 37,474 shares of the exchange traded fund’s stock worth $1,593,000 after buying an additional 13,341 shares during the period. Harbour Wealth Management Group Inc. bought a new stake in shares of iShares MSCI Germany ETF in the 4th quarter worth about $1,451,000. Empowered Funds LLC purchased a new position in shares of iShares MSCI Germany ETF during the 4th quarter worth about $4,954,000. Prostatis Group LLC boosted its stake in shares of iShares MSCI Germany ETF by 12.7% during the 4th quarter. Prostatis Group LLC now owns 97,044 shares of the exchange traded fund’s stock worth $4,124,000 after purchasing an additional 10,966 shares during the period. Finally, Quadrature Capital Ltd grew its holdings in iShares MSCI Germany ETF by 301.4% during the 4th quarter. Quadrature Capital Ltd now owns 87,391 shares of the exchange traded fund’s stock valued at $3,714,000 after purchasing an additional 65,620 shares during the last quarter. Hedge funds and other institutional investors own 53.42% of the company’s stock.

About iShares MSCI Germany ETF

iShares MSCI Germany ETF, formerly iShares MSCI Germany Index Fund (the Fund), is an exchange-traded fund. The 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 German market, as measured by the MSCI Germany Index (the Index). The Index seeks to measure the performance of the Germany equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.