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

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) saw unusually-strong trading volume on Tuesday. Approximately 886,934 shares traded hands during trading, an increase of 98% from the average daily volume of 448,157 shares. The stock last traded at $59.4180 and had previously closed at $59.25.

iShares MSCI Italy ETF Price Performance

The company has a 50-day simple moving average of $58.42 and a two-hundred day simple moving average of $58.21. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.30 and a beta of 0.89.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Institutional investors have recently modified their holdings of the company. Cairn Investment Group Inc. acquired a new stake in shares of iShares MSCI Italy ETF in the 2nd quarter worth about $15,604,000. Nilsine Partners LLC lifted its position in iShares MSCI Italy ETF by 1.6% in the 2nd quarter. Nilsine Partners LLC now owns 179,139 shares of the exchange traded fund’s stock valued at $10,612,000 after purchasing an additional 2,900 shares during the last quarter. CacheTech Inc. lifted its position in iShares MSCI Italy ETF by 2.4% in the 1st quarter. CacheTech Inc. now owns 155,026 shares of the exchange traded fund’s stock valued at $8,281,000 after purchasing an additional 3,668 shares during the last quarter. Monument Capital Management boosted its stake in iShares MSCI Italy ETF by 0.4% during the 3rd quarter. Monument Capital Management now owns 74,156 shares of the exchange traded fund’s stock valued at $4,354,000 after purchasing an additional 273 shares during the period. Finally, HighTower Advisors LLC acquired a new position in iShares MSCI Italy ETF during the 3rd quarter valued at about $2,655,000. Institutional investors own 37.96% of the company’s stock.

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.