iShares MSCI Germany ETF (NYSEARCA:EWG – Get Free Report) was the recipient of some unusual options trading on Wednesday. Investors purchased 20,005 put options on the company. This represents an increase of approximately 462% compared to the average daily volume of 3,561 put options.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new stake in shares of iShares MSCI Germany ETF during the 1st quarter worth approximately $65,000. Jones Financial Companies Lllp raised its stake in shares of iShares MSCI Germany ETF by 3,443.5% in the first quarter. Jones Financial Companies Lllp now owns 19,489 shares of the exchange traded fund’s stock valued at $723,000 after buying an additional 18,939 shares during the period. Empowered Funds LLC bought a new position in shares of iShares MSCI Germany ETF during the 1st quarter worth $1,497,000. Focus Partners Wealth purchased a new stake in iShares MSCI Germany ETF in the 1st quarter worth about $288,000. Finally, Rhumbline Advisers raised its stake in iShares MSCI Germany ETF by 164.3% in the 1st quarter. Rhumbline Advisers now owns 3,105 shares of the exchange traded fund’s stock valued at $115,000 after acquiring an additional 1,930 shares during the period. 53.42% of the stock is currently owned by hedge funds and other institutional investors.
iShares MSCI Germany ETF Price Performance
Shares of NYSEARCA EWG traded up $0.66 during mid-day trading on Wednesday, reaching $42.70. 633,782 shares of the company’s stock were exchanged, compared to its average volume of 2,317,536. The firm has a 50-day moving average price of $41.14 and a two-hundred day moving average price of $41.91. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.79 and a beta of 0.95. iShares MSCI Germany ETF has a 52 week low of $37.97 and a 52 week high of $44.65.
About iShares MSCI Germany ETF
iShares MSCI Germany ETF, formerly iShares MSCI Germany Index Fund (the Fund), is an exchange-traded fund. The 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 German market, as measured by the MSCI Germany Index (the Index). The Index seeks to measure the performance of the Germany equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.
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