Stock Traders Purchase High Volume of Call Options on iShares MSCI Brazil ETF (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the target of some unusual options trading on Friday. Stock traders purchased 297,106 call options on the stock. This is an increase of 42% compared to the average volume of 209,563 call options.

iShares MSCI Brazil ETF Trading Down 3.9%

iShares MSCI Brazil ETF stock opened at $35.06 on Friday. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87. The stock has a fifty day simple moving average of $36.90 and a two-hundred day simple moving average of $33.32. iShares MSCI Brazil ETF has a 12 month low of $23.05 and a 12 month high of $39.69.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Large investors have recently bought and sold shares of the business. Truxt Investmentos Ltda. purchased a new position in iShares MSCI Brazil ETF in the 3rd quarter worth about $25,000. Ameriflex Group Inc. boosted its holdings in shares of iShares MSCI Brazil ETF by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 440 shares during the last quarter. Aberdeen Wealth Management LLC purchased a new stake in shares of iShares MSCI Brazil ETF during the 2nd quarter valued at about $29,000. Private Trust Co. NA grew its stake in shares of iShares MSCI Brazil ETF by 114.4% in the third quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 572 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares MSCI Brazil ETF by 388.0% during the third quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 970 shares during the last quarter. 72.69% of the stock is currently 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.