Traders Buy High Volume of iShares MSCI South Korea ETF Call Options (NYSEARCA:EWY)

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the recipient of some unusual options trading on Tuesday. Investors bought 13,581 call options on the company. This represents an increase of approximately 227% compared to the typical daily volume of 4,147 call options.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

Several hedge funds have recently modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new stake in iShares MSCI South Korea ETF during the fourth quarter worth about $1,556,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of iShares MSCI South Korea ETF during the 4th quarter worth about $3,873,000. Shayne & Jacobs LLC increased its position in iShares MSCI South Korea ETF by 25.2% during the 4th quarter. Shayne & Jacobs LLC now owns 9,361 shares of the exchange traded fund’s stock worth $476,000 after purchasing an additional 1,882 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in iShares MSCI South Korea ETF by 3.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 19,582 shares of the exchange traded fund’s stock valued at $997,000 after buying an additional 678 shares during the period. Finally, GenTrust LLC raised its holdings in iShares MSCI South Korea ETF by 3.8% in the fourth quarter. GenTrust LLC now owns 16,386 shares of the exchange traded fund’s stock valued at $834,000 after buying an additional 600 shares during the period.

iShares MSCI South Korea ETF Stock Performance

iShares MSCI South Korea ETF stock traded up $2.93 during midday trading on Tuesday, reaching $72.35. 2,957,598 shares of the company were exchanged, compared to its average volume of 3,594,029. The firm’s 50-day simple moving average is $60.27 and its 200-day simple moving average is $56.58. iShares MSCI South Korea ETF has a 1 year low of $48.49 and a 1 year high of $72.61. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 10.07 and a beta of 1.12.

About iShares MSCI South Korea ETF

iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange.