Stock Traders Buy Large Volume of iShares MSCI United Kingdom ETF Call Options (NYSEARCA:EWU)

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 6,159 call options on the company. This is an increase of approximately 753% compared to the typical daily volume of 722 call options.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EWU. Truist Financial Corp grew its position in iShares MSCI United Kingdom ETF by 5.0% during the 2nd quarter. Truist Financial Corp now owns 7,559 shares of the company’s stock worth $300,000 after purchasing an additional 363 shares in the last quarter. Lunt Capital Management Inc. acquired a new stake in shares of iShares MSCI United Kingdom ETF in the second quarter worth $202,000. Stratos Wealth Advisors LLC grew its holdings in shares of iShares MSCI United Kingdom ETF by 57.1% during the second quarter. Stratos Wealth Advisors LLC now owns 170,851 shares of the company’s stock valued at $6,786,000 after buying an additional 62,066 shares in the last quarter. Retirement Planning Group LLC acquired a new position in iShares MSCI United Kingdom ETF during the second quarter valued at $302,000. Finally, Brookstone Capital Management raised its position in iShares MSCI United Kingdom ETF by 33.4% during the second quarter. Brookstone Capital Management now owns 8,300 shares of the company’s stock valued at $330,000 after buying an additional 2,080 shares during the period. Institutional investors and hedge funds own 58.38% of the company’s stock.

iShares MSCI United Kingdom ETF Trading Down 0.9%

EWU stock opened at $47.01 on Friday. iShares MSCI United Kingdom ETF has a one year low of $32.76 and a one year high of $47.52. The firm has a 50-day moving average of $44.88 and a two-hundred day moving average of $42.94. The firm has a market capitalization of $3.04 billion, a PE ratio of 15.42 and a beta of 0.71.

iShares MSCI United Kingdom ETF Company Profile

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.