iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) saw unusually-strong trading volume on Tuesday. 1,681,707 shares were traded during trading, an increase of 230% from the average daily volume of 509,633 shares. The stock last traded at $60.36 and had previously closed at $60.21.

iShares MSCI Spain ETF Price Performance

The company has a market cap of $2.05 billion, a P/E ratio of 13.82 and a beta of 0.68. The company’s 50-day moving average is $59.34 and its two-hundred day moving average is $58.12.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EWP. Harbour Investments Inc. bought a new position in shares of iShares MSCI Spain ETF during the 3rd quarter valued at $29,000. Fifth Third Bancorp purchased a new stake in iShares MSCI Spain ETF in the 1st quarter worth approximately $41,000. Farther Finance Advisors LLC increased its holdings in iShares MSCI Spain ETF by 156.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 986 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 601 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in iShares MSCI Spain ETF during the 3rd quarter worth approximately $65,000. Finally, Boreal Capital Management LLC raised its stake in iShares MSCI Spain ETF by 21.6% during the 1st quarter. Boreal Capital Management LLC now owns 3,153 shares of the exchange traded fund’s stock worth $171,000 after acquiring an additional 560 shares during the period. Institutional investors own 38.17% of the company’s stock.

About iShares MSCI Spain ETF

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