iShares MSCI Brazil ETF Sees Unusually High Options Volume (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) saw some unusual options trading on Friday. Investors bought 332,013 call options on the company. This is an increase of 125% compared to the typical volume of 147,462 call options.

iShares MSCI Brazil ETF Stock Performance

NYSEARCA EWZ traded up $0.97 during trading on Friday, hitting $35.93. The stock had a trading volume of 32,968,598 shares, compared to its average volume of 31,917,525. iShares MSCI Brazil ETF has a 12 month low of $26.30 and a 12 month high of $42.02. The company’s 50-day moving average price is $35.66 and its two-hundred day moving average price is $36.44. The company has a market capitalization of $9.34 billion, a PE ratio of 9.58 and a beta of 0.61.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

A number of large investors have recently made changes to their positions in the company. Bank of Nova Scotia increased its stake in shares of iShares MSCI Brazil ETF by 10,490.4% in the 1st quarter. Bank of Nova Scotia now owns 5,507,028 shares of the exchange traded fund’s stock valued at $211,416,000 after purchasing an additional 5,455,028 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of iShares MSCI Brazil ETF by 12,304.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,119,561 shares of the exchange traded fund’s stock worth $119,760,000 after buying an additional 3,094,413 shares during the last quarter. Bessemer Group Inc. acquired a new stake in iShares MSCI Brazil ETF in the first quarter valued at about $108,733,000. FIL Ltd acquired a new stake in iShares MSCI Brazil ETF in the fourth quarter valued at about $65,840,000. Finally, SG Americas Securities LLC grew its position in iShares MSCI Brazil ETF by 645.6% in the first quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock valued at $89,996,000 after acquiring an additional 2,029,838 shares during the last quarter. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Company Profile

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