iShares MSCI Brazil ETF Target of Unusually High Options Trading (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the target of unusually large options trading on Friday. Investors bought 266,519 call options on the company. This is an increase of 81% compared to the average daily volume of 147,143 call options.

iShares MSCI Brazil ETF Trading Up 1.4%

NYSEARCA:EWZ opened at $34.67 on Friday. iShares MSCI Brazil ETF has a 1-year low of $26.30 and a 1-year high of $42.02. The business’s 50-day moving average price is $36.79 and its two-hundred day moving average price is $36.27. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61.

Institutional Trading of iShares MSCI Brazil ETF

A number of hedge funds have recently modified their holdings of EWZ. Bank of Nova Scotia grew its stake in iShares MSCI Brazil ETF by 10,490.4% in the first quarter. Bank of Nova Scotia now owns 5,507,028 shares of the exchange traded fund’s stock valued at $211,416,000 after acquiring an additional 5,455,028 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 12,304.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,119,561 shares of the exchange traded fund’s stock valued at $119,760,000 after purchasing an additional 3,094,413 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of iShares MSCI Brazil ETF during the 1st quarter valued at about $108,733,000. MKP Capital Management L.L.C. acquired a new position in shares of iShares MSCI Brazil ETF in the 3rd quarter valued at approximately $68,820,000. Finally, FIL Ltd bought a new stake in iShares MSCI Brazil ETF during the 4th quarter worth approximately $65,840,000. 72.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Company Profile

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.