Investors Buy High Volume of iShares MSCI Brazil ETF Call Options (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of some unusual options trading on Friday. Traders purchased 866,959 call options on the company. This is an increase of approximately 520% compared to the average daily volume of 139,917 call options.

Institutional Trading of iShares MSCI Brazil ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in iShares MSCI Brazil ETF by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after buying an additional 293 shares in the last quarter. 3EDGE Asset Management LP lifted its position in iShares MSCI Brazil ETF by 2.6% during the fourth quarter. 3EDGE Asset Management LP now owns 14,885 shares of the exchange traded fund’s stock valued at $473,000 after buying an additional 382 shares in the last quarter. Nwam LLC lifted its position in iShares MSCI Brazil ETF by 2.2% during the fourth quarter. Nwam LLC now owns 18,410 shares of the exchange traded fund’s stock valued at $585,000 after buying an additional 397 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in iShares MSCI Brazil ETF by 2.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 20,069 shares of the exchange traded fund’s stock valued at $638,000 after buying an additional 423 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. lifted its position in iShares MSCI Brazil ETF by 5.2% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 8,516 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 423 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

Shares of NYSEARCA:EWZ opened at $35.10 on Friday. The firm has a market capitalization of $10.24 billion, a PE ratio of 9.58 and a beta of 0.61. The business has a 50-day moving average of $37.95 and a two-hundred day moving average of $36.22. iShares MSCI Brazil ETF has a 12 month low of $26.30 and a 12 month high of $42.02.

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). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.