Stock Traders Buy Large Volume of Call Options on iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) saw unusually large options trading activity on Friday. Traders acquired 903,918 call options on the company. This represents an increase of 289% compared to the average daily volume of 232,361 call options.

iShares MSCI Emerging Markets ETF Price Performance

iShares MSCI Emerging Markets ETF stock traded up $0.38 during midday trading on Friday, reaching $67.88. The company had a trading volume of 39,781,413 shares, compared to its average volume of 38,641,113. The firm’s fifty day simple moving average is $64.43 and its 200-day simple moving average is $59.87. The company has a market capitalization of $30.06 billion, a P/E ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a 12-month low of $46.15 and a 12-month high of $70.86.

Institutional Trading of iShares MSCI Emerging Markets ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $407,231,000. Bank of America Corp DE grew its holdings in iShares MSCI Emerging Markets ETF by 22.8% during the first quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock worth $2,120,424,000 after acquiring an additional 6,929,284 shares during the period. Board of Trustees of The Leland Stanford Junior University grew its position in iShares MSCI Emerging Markets ETF by 102.7% during the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after buying an additional 4,577,226 shares during the period. Hsbc Holdings PLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 74.9% during the 4th quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after buying an additional 2,823,265 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of iShares MSCI Emerging Markets ETF by 21,534.1% during the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after purchasing an additional 1,969,944 shares during the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

About iShares MSCI Emerging Markets ETF

iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.