Stock Traders Purchase Large Volume of Put Options on iShares MSCI Canada ETF (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) was the target of unusually large options trading activity on Monday. Stock investors bought 28,446 put options on the company. This represents an increase of 149% compared to the typical daily volume of 11,429 put options.

iShares MSCI Canada ETF Price Performance

Shares of iShares MSCI Canada ETF stock opened at $41.32 on Wednesday. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 14.59 and a beta of 0.90. The firm’s 50-day moving average is $41.22 and its two-hundred day moving average is $40.75. iShares MSCI Canada ETF has a 1 year low of $35.05 and a 1 year high of $43.33.

Institutional Investors Weigh In On iShares MSCI Canada ETF

A number of hedge funds have recently made changes to their positions in EWC. Whittier Trust Co. boosted its stake in iShares MSCI Canada ETF by 38.7% in the third quarter. Whittier Trust Co. now owns 1,682 shares of the exchange traded fund’s stock valued at $70,000 after acquiring an additional 469 shares in the last quarter. IFP Advisors Inc boosted its position in shares of iShares MSCI Canada ETF by 141.4% in the 4th quarter. IFP Advisors Inc now owns 2,873 shares of the exchange traded fund’s stock worth $116,000 after purchasing an additional 1,683 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in iShares MSCI Canada ETF by 20.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,023 shares of the exchange traded fund’s stock worth $126,000 after buying an additional 523 shares during the last quarter. Avior Wealth Management LLC acquired a new position in iShares MSCI Canada ETF during the 3rd quarter valued at about $148,000. Finally, Richardson Financial Services Inc. raised its stake in iShares MSCI Canada ETF by 9.4% in the third quarter. Richardson Financial Services Inc. now owns 4,362 shares of the exchange traded fund’s stock valued at $181,000 after buying an additional 374 shares during the last quarter.

About iShares MSCI Canada ETF

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). 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 Canadian market, as measured by the MSCI Canada Index (the Index).