iShares MSCI Emerging Markets ETF Target of Unusually Large Options Trading (NYSEARCA:EEM)

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) was the target of some unusual options trading activity on Friday. Stock traders acquired 288,922 call options on the company. This is an increase of approximately 47% compared to the typical volume of 196,165 call options.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $52.71 on Friday. The company has a market capitalization of $20.04 billion, a PE ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $53.67. The company has a 50 day simple moving average of $50.52 and a two-hundred day simple moving average of $47.14.

Hedge Funds Weigh In On iShares MSCI Emerging Markets ETF

A number of institutional investors and hedge funds have recently modified their holdings of EEM. Sowell Financial Services LLC lifted its stake in iShares MSCI Emerging Markets ETF by 0.3% during the 2nd quarter. Sowell Financial Services LLC now owns 71,413 shares of the exchange traded fund’s stock valued at $3,445,000 after acquiring an additional 211 shares in the last quarter. Optimum Investment Advisors grew its holdings in iShares MSCI Emerging Markets ETF by 2.8% during the 2nd quarter. Optimum Investment Advisors now owns 7,826 shares of the exchange traded fund’s stock valued at $378,000 after buying an additional 214 shares in the last quarter. Red Tortoise LLC grew its holdings in iShares MSCI Emerging Markets ETF by 0.8% during the 2nd quarter. Red Tortoise LLC now owns 28,704 shares of the exchange traded fund’s stock valued at $1,385,000 after buying an additional 220 shares in the last quarter. Private Wealth Asset Management LLC grew its holdings in iShares MSCI Emerging Markets ETF by 0.6% during the 2nd quarter. Private Wealth Asset Management LLC now owns 38,779 shares of the exchange traded fund’s stock valued at $1,871,000 after buying an additional 236 shares in the last quarter. Finally, Hardin Capital Partners LLC grew its holdings in iShares MSCI Emerging Markets ETF by 3.2% during the 2nd quarter. Hardin Capital Partners LLC now owns 7,732 shares of the exchange traded fund’s stock valued at $374,000 after buying an additional 237 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors.

About iShares MSCI Emerging Markets ETF

iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index).