iShares MSCI Brazil ETF (NYSEARCA:EWZ – Get Free Report) was the target of some unusual options trading activity on Friday. Stock traders bought 332,013 call options on the stock. This represents an increase of approximately 125% compared to the typical volume of 147,462 call options.
iShares MSCI Brazil ETF Price Performance
EWZ traded up $0.97 during midday trading on Friday, hitting $35.93. 32,968,598 shares of the company’s stock traded hands, compared to its average volume of 31,917,525. The company has a market cap of $9.28 billion, a PE ratio of 9.58 and a beta of 0.61. The stock’s fifty day simple moving average is $35.66 and its 200-day simple moving average is $36.44. iShares MSCI Brazil ETF has a one year low of $26.30 and a one year high of $42.02.
Hedge Funds Weigh In On iShares MSCI Brazil ETF
Several hedge funds have recently made changes to their positions in EWZ. Ameriflex Group Inc. lifted its stake in iShares MSCI Brazil ETF by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 440 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 819.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 1,500 shares during the period. Parallel Advisors LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 16.7% during the 4th 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 during the period. Triumph Capital Management purchased a new position in shares of iShares MSCI Brazil ETF in the 3rd quarter worth $90,000. Finally, Waterford Advisors LLC purchased a new position in shares of iShares MSCI Brazil ETF in the 4th quarter worth $117,000. 72.69% of the stock is currently owned by hedge funds and other institutional investors.
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.
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