iShares MSCI Brazil ETF Target of Unusually Large Options Trading (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of some unusual options trading activity on Friday. Investors bought 332,013 call options on the company. This represents an increase of approximately 125% compared to the average daily volume of 147,462 call options.

iShares MSCI Brazil ETF Trading Up 2.8%

Shares of iShares MSCI Brazil ETF stock traded up $0.97 during trading on Friday, hitting $35.93. 32,968,598 shares of the stock were exchanged, compared to its average volume of 31,917,525. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. The company has a fifty day moving average price of $35.66 and a 200-day moving average price of $36.44. iShares MSCI Brazil ETF has a 1-year low of $26.30 and a 1-year high of $42.02.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

A number of institutional investors have recently bought and sold shares of the business. Ameriflex Group Inc. lifted its position in shares of iShares MSCI Brazil ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 440 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of iShares MSCI Brazil ETF by 819.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 1,500 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of iShares MSCI Brazil ETF by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 293 shares during the last quarter. Kapitalo Investimentos Ltda raised its stake in iShares MSCI Brazil ETF by 462.5% in the 4th quarter. Kapitalo Investimentos Ltda now owns 900,000 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 740,000 shares during the period. Finally, Triumph Capital Management bought a new stake in iShares MSCI Brazil ETF in the 3rd quarter valued at $90,000. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Company Profile

iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index 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 Brazilian market, as measured by the MSCI Brazil Index (the Index). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.