Stock Traders Purchase High Volume of Call Options on iShares MSCI Brazil ETF (NYSEARCA:EWZ)

by · The Cerbat Gem

iShares MSCI Brazil ETF (NYSEARCA:EWZ – Get Free Report) saw unusually large options trading activity on Thursday. Investors bought 189,878 call options on the stock. This represents an increase of approximately 53% compared to the average volume of 123,736 call options.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

A number of large investors have recently added to or reduced their stakes in EWZ. Goldman Sachs Group Inc. raised its position in shares of iShares MSCI Brazil ETF by 64.6% in the first quarter. Goldman Sachs Group Inc. now owns 21,083,684 shares of the exchange traded fund’s stock valued at $545,013,000 after purchasing an additional 8,271,979 shares during the period. New Vernon Capital Holdings II LLC acquired a new position in iShares MSCI Brazil ETF in the 1st quarter valued at $156,653,000. Phoenix Financial Ltd. lifted its position in iShares MSCI Brazil ETF by 276.2% during the 2nd quarter. Phoenix Financial Ltd. now owns 6,609,000 shares of the exchange traded fund’s stock worth $190,670,000 after acquiring an additional 4,852,250 shares during the last quarter. MKP Capital Management L.L.C. acquired a new position in iShares MSCI Brazil ETF during the 3rd quarter worth $68,820,000. Finally, Wellington Management Group LLP boosted its holdings in iShares MSCI Brazil ETF by 4,795.3% during the first quarter. Wellington Management Group LLP now owns 1,950,002 shares of the exchange traded fund’s stock valued at $50,408,000 after acquiring an additional 1,991,533 shares during the period. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

NYSEARCA:EWZ traded up $0.56 during trading hours on Thursday, reaching $34.76. The company’s stock had a trading volume of 11,298,667 shares, compared to its average volume of 24,871,838. iShares MSCI Brazil ETF has a one year low of $22.26 and a one year high of $34.80. The business’s 50-day moving average is $31.38 and its 200-day moving average is $29.37. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87.

iShares MSCI Brazil ETF Company Profile

(Get Free Report)

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).

Further Reading