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

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the target of unusually large options trading on Monday. Traders purchased 21,550 call options on the company. This represents an increase of approximately 206% compared to the average daily volume of 7,040 call options.

iShares MSCI South Korea ETF Trading Up 2.2%

EWY opened at $90.43 on Tuesday. The stock has a fifty day simple moving average of $78.25 and a two-hundred day simple moving average of $69.11. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 10.35 and a beta of 1.05. iShares MSCI South Korea ETF has a 12-month low of $48.49 and a 12-month high of $90.57.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC bought a new position in iShares MSCI South Korea ETF in the first quarter worth $1,629,000. Ameritas Advisory Services LLC bought a new position in iShares MSCI South Korea ETF in the second quarter worth $76,000. Total Wealth Planning & Management Inc. bought a new position in shares of iShares MSCI South Korea ETF during the second quarter valued at $481,000. PNC Financial Services Group Inc. increased its holdings in shares of iShares MSCI South Korea ETF by 36.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,447 shares of the exchange traded fund’s stock valued at $186,000 after acquiring an additional 912 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of iShares MSCI South Korea ETF by 7.4% during the first quarter. Cetera Investment Advisers now owns 8,895 shares of the exchange traded fund’s stock valued at $481,000 after acquiring an additional 612 shares in the last quarter. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Company Profile

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.