Traders Buy High Volume of iShares MSCI Canada ETF Put Options (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) saw some unusual options trading activity on Wednesday. Stock traders bought 23,594 put options on the stock. This represents an increase of approximately 171% compared to the average volume of 8,720 put options.

iShares MSCI Canada ETF Stock Performance

EWC opened at $53.93 on Friday. The company has a fifty day moving average of $52.18 and a two-hundred day moving average of $49.54. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 19.77 and a beta of 0.94. iShares MSCI Canada ETF has a fifty-two week low of $36.70 and a fifty-two week high of $54.80.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Large investors have recently bought and sold shares of the business. MAI Capital Management raised its holdings in shares of iShares MSCI Canada ETF by 266.4% during the 1st quarter. MAI Capital Management now owns 2,228 shares of the exchange traded fund’s stock worth $91,000 after acquiring an additional 1,620 shares during the period. EP Wealth Advisors LLC acquired a new stake in iShares MSCI Canada ETF during the first quarter worth about $129,000. Concentric Capital Strategies LP acquired a new stake in iShares MSCI Canada ETF during the first quarter worth about $5,244,000. New Vernon Capital Holdings II LLC raised its stake in iShares MSCI Canada ETF by 5,813.7% during the first quarter. New Vernon Capital Holdings II LLC now owns 4,121,700 shares of the exchange traded fund’s stock worth $167,959,000 after purchasing an additional 4,052,002 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in iShares MSCI Canada ETF by 1.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,534,679 shares of the exchange traded fund’s stock valued at $62,538,000 after purchasing an additional 21,113 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). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.