iShares MSCI Brazil ETF Sees Unusually High Options Volume (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the target of unusually large options trading activity on Thursday. Traders acquired 315,058 put options on the company. This represents an increase of 113% compared to the typical volume of 147,596 put options.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. KB Financial Partners LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the third quarter valued at $31,000. Global Retirement Partners LLC increased its stake in iShares MSCI Brazil ETF by 131.5% in the 1st quarter. Global Retirement Partners LLC now owns 1,609 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 914 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in iShares MSCI Brazil ETF in the 4th quarter worth about $54,000. CWM LLC increased its stake in iShares MSCI Brazil ETF by 288.6% in the 1st quarter. CWM LLC now owns 2,390 shares of the exchange traded fund’s stock worth $77,000 after buying an additional 1,775 shares during the period. Finally, Allworth Financial LP purchased a new position in iShares MSCI Brazil ETF in the 4th quarter worth about $83,000.

iShares MSCI Brazil ETF Price Performance

EWZ opened at $27.46 on Friday. The firm has a market cap of $4.31 billion, a P/E ratio of 5.65 and a beta of 0.93. iShares MSCI Brazil ETF has a 1-year low of $26.83 and a 1-year high of $35.74. The company has a 50 day simple moving average of $30.22 and a two-hundred day simple moving average of $32.22.

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).