Traders Purchase High Volume of iShares MSCI Germany ETF Put Options (NYSEARCA:EWG)

iShares MSCI Germany ETF (NYSEARCA:EWG) saw unusually large options trading activity on Wednesday. Traders acquired 82,215 put options on the stock. This represents an increase of 2,024% compared to the average volume of 3,871 put options.

iShares MSCI Germany ETF Price Performance

Shares of NYSEARCA EWG traded down $0.67 during midday trading on Wednesday, reaching $41.37. 818,167 shares of the stock were exchanged, compared to its average volume of 2,179,538. iShares MSCI Germany ETF has a 12 month low of $37.97 and a 12 month high of $44.65. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 17.79 and a beta of 0.95. The business has a 50-day simple moving average of $42.11 and a two-hundred day simple moving average of $42.16.

Institutional Investors Weigh In On iShares MSCI Germany ETF

Several large investors have recently modified their holdings of EWG. Bank of America Corp DE grew its position in shares of iShares MSCI Germany ETF by 28.1% in the 3rd quarter. Bank of America Corp DE now owns 2,476,196 shares of the exchange traded fund’s stock valued at $103,035,000 after purchasing an additional 542,642 shares during the period. Optiver Holding B.V. lifted its stake in iShares MSCI Germany ETF by 38.2% in the third quarter. Optiver Holding B.V. now owns 811,941 shares of the exchange traded fund’s stock valued at $33,785,000 after buying an additional 224,299 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares MSCI Germany ETF by 289.5% in the third quarter. Ameriprise Financial Inc. now owns 730,196 shares of the exchange traded fund’s stock valued at $30,766,000 after buying an additional 542,708 shares during the period. Rice Partnership LLC boosted its holdings in shares of iShares MSCI Germany ETF by 9.8% in the fourth quarter. Rice Partnership LLC now owns 718,167 shares of the exchange traded fund’s stock valued at $30,522,000 after buying an additional 64,166 shares during the period. Finally, Marshall Wace LLP increased its position in shares of iShares MSCI Germany ETF by 487.7% during the third quarter. Marshall Wace LLP now owns 635,765 shares of the exchange traded fund’s stock worth $26,454,000 after acquiring an additional 527,589 shares in the last quarter. 53.42% of the stock is currently owned by institutional investors.

About iShares MSCI Germany ETF

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