iShares MSCI United Kingdom ETF Target of Unusually Large Options Trading (NYSEARCA:EWU)

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the target of unusually large options trading on Thursday. Investors purchased 8,063 call options on the stock. This is an increase of 1,688% compared to the typical daily volume of 451 call options.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

Hedge funds have recently modified their holdings of the company. GTS Securities LLC raised its stake in iShares MSCI United Kingdom ETF by 54,069.0% during the 4th quarter. GTS Securities LLC now owns 53,969 shares of the company’s stock valued at $1,830,000 after purchasing an additional 54,069 shares during the period. Orion Capital Management LLC purchased a new position in shares of iShares MSCI United Kingdom ETF in the fourth quarter worth $27,000. Vivaldi Capital Management LP bought a new position in shares of iShares MSCI United Kingdom ETF during the fourth quarter worth $335,000. Royal Bank of Canada lifted its stake in iShares MSCI United Kingdom ETF by 20.8% in the 4th quarter. Royal Bank of Canada now owns 401,819 shares of the company’s stock worth $13,621,000 after purchasing an additional 69,108 shares in the last quarter. Finally, Point72 Europe London LLP purchased a new position in shares of iShares MSCI United Kingdom ETF during the fourth quarter valued at about $5,685,000.

iShares MSCI United Kingdom ETF Price Performance

Shares of NYSEARCA:EWU traded down $0.05 during midday trading on Thursday, hitting $37.07. The company had a trading volume of 295,133 shares, compared to its average volume of 1,863,844. iShares MSCI United Kingdom ETF has a 12-month low of $33.06 and a 12-month high of $38.03. The company has a fifty day moving average of $35.72 and a two-hundred day moving average of $35.91. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 17.54 and a beta of 0.82.

iShares MSCI United Kingdom ETF Company Profile

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.