iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Unusually-High Trading Volume – Here’s Why

iShares MSCI Spain ETF (NYSEARCA:EWP) saw unusually-high trading volume on Wednesday . Approximately 979,895 shares changed hands during mid-day trading, an increase of 99% from the previous session’s volume of 491,564 shares.The stock last traded at $52.4550 and had previously closed at $51.90.

iShares MSCI Spain ETF Stock Performance

The firm has a fifty day moving average price of $49.27 and a 200 day moving average price of $46.06. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86.

Institutional Trading of iShares MSCI Spain ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its holdings in iShares MSCI Spain ETF by 39.2% during the second quarter. Nisa Investment Advisors LLC now owns 1,100 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 310 shares in the last quarter. Private Trust Co. NA lifted its position in shares of iShares MSCI Spain ETF by 879.8% during the 2nd quarter. Private Trust Co. NA now owns 1,117 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 1,003 shares during the period. Riggs Asset Managment Co. Inc. purchased a new stake in shares of iShares MSCI Spain ETF during the 2nd quarter worth approximately $63,000. Creative Financial Designs Inc. ADV grew its holdings in shares of iShares MSCI Spain ETF by 33.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,183 shares of the exchange traded fund’s stock worth $108,000 after acquiring an additional 545 shares during the period. Finally, Marvin & Palmer Associates Inc. purchased a new position in iShares MSCI Spain ETF in the 2nd quarter valued at approximately $112,000. Institutional investors and hedge funds own 38.17% of the company’s stock.

iShares MSCI Spain ETF Company Profile

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index 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 Spanish market, as measured by the MSCI Spain Index (the Index).