Traders Purchase Large Volume of iShares MSCI Brazil ETF Call Options (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) saw some unusual options trading on Thursday. Stock traders acquired 189,878 call options on the stock. This is an increase of approximately 53% compared to the typical daily volume of 123,736 call options.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ stock opened at $32.53 on Friday. The stock’s 50 day simple moving average is $31.50 and its 200 day simple moving average is $29.44. iShares MSCI Brazil ETF has a twelve month low of $22.26 and a twelve month high of $34.80. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87.

Institutional Trading of iShares MSCI Brazil ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EWZ. Truxt Investmentos Ltda. acquired a new position in shares of iShares MSCI Brazil ETF in the 3rd quarter valued at $25,000. Ameriflex Group Inc. increased its stake in iShares MSCI Brazil ETF by 100.0% in the third 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 period. Aberdeen Wealth Management LLC acquired a new position in iShares MSCI Brazil ETF in the second quarter worth about $29,000. Private Trust Co. NA raised its position in 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 purchasing an additional 572 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in 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 worth $38,000 after purchasing an additional 970 shares during the period. Institutional investors and hedge funds own 72.69% of the company’s stock.

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).