Traders Buy Large Volume of iShares MSCI Brazil ETF Put Options (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of unusually large options trading activity on Thursday. Traders purchased 313,307 put options on the company. This is an increase of 42% compared to the average volume of 220,090 put options.

iShares MSCI Brazil ETF Trading Down 1.2%

Shares of EWZ stock traded down $0.47 during trading on Thursday, hitting $36.91. The company’s stock had a trading volume of 8,109,764 shares, compared to its average volume of 29,052,092. The company has a market cap of $8.46 billion, a PE ratio of 9.58 and a beta of 0.62. The business has a fifty day moving average of $36.21 and a 200-day moving average of $36.64. iShares MSCI Brazil ETF has a 52 week low of $28.66 and a 52 week high of $42.02.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Institutional investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the second quarter worth about $25,000. XP Advisory US Inc. bought a new stake in iShares MSCI Brazil ETF during the 2nd quarter worth approximately $33,000. Highland Investment Advisors LLC bought a new stake in iShares MSCI Brazil ETF during the 2nd quarter worth approximately $46,000. Timbuktu Capital Management LLC purchased a new stake in iShares MSCI Brazil ETF in the 2nd quarter worth approximately $79,000. Finally, Parallel Advisors LLC lifted its stake in iShares MSCI Brazil ETF by 22.4% in the 1st quarter. Parallel Advisors LLC now owns 2,511 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 459 shares in the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI Brazil ETF

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.