iShares Global 100 ETF (NYSEARCA:IOO) Sees Unusually-High Trading Volume – Here’s Why

iShares Global 100 ETF (NYSEARCA:IOO) shares saw an uptick in trading volume on Wednesday . 524,815 shares were traded during trading, an increase of 208% from the previous session’s volume of 170,256 shares.The stock last traded at $141.26 and had previously closed at $139.53.

iShares Global 100 ETF Stock Performance

The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 24.21 and a beta of 0.95. The company has a 50-day simple moving average of $127.63 and a two-hundred day simple moving average of $127.02.

Hedge Funds Weigh In On iShares Global 100 ETF

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in shares of iShares Global 100 ETF in the 1st quarter valued at about $1,295,000. Jane Street Group LLC bought a new stake in shares of iShares Global 100 ETF in the 1st quarter valued at about $7,860,000. Marshall Wace LLP acquired a new stake in iShares Global 100 ETF in the 2nd quarter valued at about $2,003,000. Bank of Nova Scotia acquired a new stake in iShares Global 100 ETF in the 2nd quarter valued at about $216,000. Finally, Qube Research & Technologies Ltd bought a new position in iShares Global 100 ETF during the second quarter worth about $991,000.

About iShares Global 100 ETF

iShares Global 100 ETF (the Fund), formerly iShares S&P Global 100 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 100 Index (the Index). The Index is designed to measure the performance of 100 large-capitalization global companies. These companies are liquid and represent some of the multi-national businesses in the world. The Index is a subset of the S&P Global 1200 Index, and consists of 100 common stocks, screened for sector representation, liquidity and size.