Stock Traders Purchase High Volume of Put Options on iShares MSCI Taiwan ETF (NYSEARCA:EWT)

by · The Markets Daily

iShares MSCI Taiwan ETF (NYSEARCA:EWT – Get Free Report) saw some unusual options trading activity on Monday. Traders acquired 10,697 put options on the stock. This is an increase of 111% compared to the typical volume of 5,060 put options.

iShares MSCI Taiwan ETF Price Performance

Shares of EWT stock traded up $1.48 during trading hours on Monday, hitting $102.59. The stock had a trading volume of 2,406,490 shares, compared to its average volume of 5,781,899. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 17.58 and a beta of 1.10. iShares MSCI Taiwan ETF has a one year low of $59.96 and a one year high of $118.47. The stock’s 50-day moving average price is $110.19 and its two-hundred day moving average price is $93.10.

Hedge Funds Weigh In On iShares MSCI Taiwan ETF

Institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC increased its holdings in shares of iShares MSCI Taiwan ETF by 2,779.7% in the 1st quarter. Hsbc Holdings PLC now owns 1,185,627 shares of the exchange traded fund’s stock worth $84,084,000 after buying an additional 1,144,455 shares during the last quarter. City of London Investment Management Co. Ltd. bought a new position in shares of iShares MSCI Taiwan ETF in the 3rd quarter valued at about $114,719,000. The Manufacturers Life Insurance Company purchased a new position in iShares MSCI Taiwan ETF in the second quarter worth about $103,684,000. Fifth Third Bancorp purchased a new position in iShares MSCI Taiwan ETF in the first quarter worth about $43,753,000. Finally, Bank of America Corp DE grew its position in iShares MSCI Taiwan ETF by 22.4% in the first quarter. Bank of America Corp DE now owns 598,887 shares of the exchange traded fund’s stock worth $42,473,000 after acquiring an additional 109,496 shares in the last quarter.

iShares MSCI Taiwan ETF Company Profile

(Get Free Report)

Ishares MSCI Taiwan Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Taiwan IndexSM (the Index). The Index consists of stocks traded primarily on the Taiwan Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

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