iShares MSCI Taiwan ETF Target of Unusually High Options Trading (NYSEARCA:EWT)

iShares MSCI Taiwan ETF (NYSEARCA:EWT) was the target of some unusual options trading activity on Tuesday. Stock investors bought 8,763 call options on the company. This represents an increase of 41% compared to the average daily volume of 6,204 call options.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

A number of hedge funds have recently modified their holdings of EWT. Main Street Group LTD purchased a new stake in iShares MSCI Taiwan ETF during the first quarter worth about $29,000. Solstein Capital LLC boosted its stake in shares of iShares MSCI Taiwan ETF by 1,660.7% in the fourth quarter. Solstein Capital LLC now owns 493 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 465 shares during the period. Acumen Wealth Advisors LLC acquired a new position in shares of iShares MSCI Taiwan ETF in the first quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC acquired a new position in shares of iShares MSCI Taiwan ETF in the fourth quarter valued at approximately $35,000. Finally, Huntington National Bank increased its stake in iShares MSCI Taiwan ETF by 60,000.0% during the 4th quarter. Huntington National Bank now owns 601 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 600 shares during the period.

iShares MSCI Taiwan ETF Trading Down 4.8%

NYSEARCA EWT traded down $5.11 on Tuesday, reaching $102.16. 2,630,608 shares of the company were exchanged, compared to its average volume of 6,340,925. The business’s fifty day moving average price is $99.85 and its 200 day moving average price is $80.97. The stock has a market capitalization of $10.49 billion, a P/E ratio of 17.58 and a beta of 1.08. iShares MSCI Taiwan ETF has a fifty-two week low of $57.42 and a fifty-two week high of $112.78.

iShares MSCI Taiwan ETF Company Profile

Ishares MSCI Taiwan Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Taiwan IndexSM (the Index). The Index consists of stocks traded primarily on the Taiwan Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.