iShares MSCI Brazil ETF (NYSEARCA:EWZ) Stock Sees Heavy Call Option Buying

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the target of unusually large options trading activity on Friday. Investors bought 2,120,187 call options on the stock. This is an increase of approximately 429% compared to the typical daily volume of 400,654 call options.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Several institutional investors have recently made changes to their positions in EWZ. Polianta Ltd purchased a new stake in shares of iShares MSCI Brazil ETF in the second quarter worth about $9,356,000. TD Waterhouse Canada Inc. grew its position in iShares MSCI Brazil ETF by 204.7% in the second quarter. TD Waterhouse Canada Inc. now owns 96,022 shares of the exchange traded fund’s stock worth $3,281,000 after acquiring an additional 64,506 shares in the last quarter. Nilsine Partners LLC increased its position in shares of iShares MSCI Brazil ETF by 9.5% during the 2nd quarter. Nilsine Partners LLC now owns 228,895 shares of the exchange traded fund’s stock valued at $7,897,000 after purchasing an additional 19,835 shares during the last quarter. Wellington Management Group LLP grew its position in iShares MSCI Brazil ETF by 45.7% during the second quarter. Wellington Management Group LLP now owns 1,797,317 shares of the exchange traded fund’s stock valued at $62,007,000 after acquiring an additional 564,165 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of iShares MSCI Brazil ETF during the 1st quarter valued at $3,065,000. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Up 1.8%

iShares MSCI Brazil ETF stock opened at $42.59 on Friday. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 9.58 and a beta of 0.57. The business’s 50 day simple moving average is $38.54 and its 200 day simple moving average is $37.24. iShares MSCI Brazil ETF has a 12 month low of $30.44 and a 12 month high of $43.90.

About iShares MSCI Brazil ETF

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.