iShares MSCI Canada ETF Sees Unusually High Options Volume (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) saw unusually large options trading activity on Friday. Traders purchased 96,003 put options on the stock. This represents an increase of 3,765% compared to the average volume of 2,484 put options.

iShares MSCI Canada ETF Stock Performance

Shares of EWC traded up $0.16 during trading hours on Friday, reaching $57.98. 703,243 shares of the company traded hands, compared to its average volume of 2,781,190. The stock’s fifty day moving average is $56.48 and its 200 day moving average is $54.53. iShares MSCI Canada ETF has a 1-year low of $42.67 and a 1-year high of $58.89. The stock has a market cap of $5.18 billion, a P/E ratio of 19.77 and a beta of 0.86.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in shares of iShares MSCI Canada ETF by 1,675.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,178,045 shares of the exchange traded fund’s stock valued at $171,392,000 after buying an additional 2,999,053 shares in the last quarter. Assetmark Inc. raised its position in iShares MSCI Canada ETF by 5.4% in the first quarter. Assetmark Inc. now owns 1,800,052 shares of the exchange traded fund’s stock worth $98,625,000 after purchasing an additional 91,652 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares MSCI Canada ETF by 22.8% during the second quarter. Bank of America Corp DE now owns 1,769,516 shares of the exchange traded fund’s stock valued at $81,752,000 after purchasing an additional 328,742 shares in the last quarter. Korea Investment CORP grew its stake in shares of iShares MSCI Canada ETF by 5.7% in the 4th quarter. Korea Investment CORP now owns 1,757,957 shares of the exchange traded fund’s stock valued at $94,807,000 after purchasing an additional 94,857 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of iShares MSCI Canada ETF by 1.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,534,679 shares of the exchange traded fund’s stock worth $62,538,000 after buying an additional 21,113 shares in the last quarter.

About iShares MSCI Canada ETF

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