iShares MSCI Singapore ETF (NYSEARCA:EWS) Sees Unusually-High Trading Volume – Time to Buy?

iShares MSCI Singapore ETF (NYSEARCA:EWS) shares saw unusually-high trading volume on Friday . Approximately 1,316,167 shares traded hands during trading, an increase of 83% from the previous session’s volume of 718,040 shares.The stock last traded at $27.5350 and had previously closed at $27.55.

iShares MSCI Singapore ETF Price Performance

The company has a market cap of $846.70 million, a P/E ratio of 15.28 and a beta of 0.69. The stock has a 50-day moving average of $28.01 and a 200 day moving average of $27.61.

Hedge Funds Weigh In On iShares MSCI Singapore ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EWS. Raleigh Capital Management Inc. acquired a new stake in shares of iShares MSCI Singapore ETF during the 2nd quarter worth approximately $26,000. BigSur Wealth Management LLC bought a new stake in iShares MSCI Singapore ETF during the second quarter worth $49,000. Marvin & Palmer Associates Inc. acquired a new stake in shares of iShares MSCI Singapore ETF in the 2nd quarter valued at $110,000. SBI Securities Co. Ltd. boosted its holdings in shares of iShares MSCI Singapore ETF by 16.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,447 shares of the company’s stock valued at $167,000 after purchasing an additional 903 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of iShares MSCI Singapore ETF by 270.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,732 shares of the company’s stock valued at $175,000 after purchasing an additional 4,917 shares during the last quarter. 52.30% of the stock is currently owned by institutional investors and hedge funds.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore 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. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).