iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Strong Trading Volume – Here’s Why

iShares MSCI Italy ETF (NYSEARCA:EWI) shares saw unusually-high trading volume on Tuesday . Approximately 734,849 shares traded hands during mid-day trading, an increase of 97% from the previous session’s volume of 372,620 shares.The stock last traded at $56.5930 and had previously closed at $55.88.

iShares MSCI Italy ETF Trading Down 2.2%

The firm has a market capitalization of $718.53 million, a price-to-earnings ratio of 12.30 and a beta of 1.01. The business has a 50-day moving average price of $54.53 and a two-hundred day moving average price of $52.34.

Institutional Investors Weigh In On iShares MSCI Italy ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Caitlin John LLC acquired a new stake in shares of iShares MSCI Italy ETF in the 3rd quarter worth about $28,000. Biltmore Family Office LLC bought a new position in iShares MSCI Italy ETF in the 4th quarter worth about $28,000. NewEdge Advisors LLC increased its stake in shares of iShares MSCI Italy ETF by 1,596.5% in the first quarter. NewEdge Advisors LLC now owns 967 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 910 shares during the period. Riggs Asset Managment Co. Inc. bought a new stake in shares of iShares MSCI Italy ETF during the second quarter valued at approximately $64,000. Finally, Simplex Trading LLC raised its holdings in shares of iShares MSCI Italy ETF by 365.8% during the second quarter. Simplex Trading LLC now owns 3,307 shares of the exchange traded fund’s stock valued at $159,000 after buying an additional 2,597 shares during the last quarter. 37.96% of the stock is currently owned by institutional investors.

iShares MSCI Italy ETF Company Profile

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped 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 Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.