iShares MSCI Canada ETF Target of Unusually Large Options Trading (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) was the recipient of some unusual options trading on Friday. Investors bought 20,117 put options on the stock. This represents an increase of approximately 357% compared to the typical daily volume of 4,406 put options.

iShares MSCI Canada ETF Stock Performance

NYSEARCA EWC opened at $57.98 on Friday. iShares MSCI Canada ETF has a one year low of $36.70 and a one year high of $58.78. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 19.77 and a beta of 0.94. The company’s 50-day simple moving average is $55.42 and its two-hundred day simple moving average is $52.22.

Institutional Trading of iShares MSCI Canada ETF

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of iShares MSCI Canada ETF by 8.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 341,146 shares of the exchange traded fund’s stock valued at $17,245,000 after buying an additional 26,733 shares during the last quarter. Bank of Nova Scotia acquired a new stake in iShares MSCI Canada ETF during the 2nd quarter worth about $40,619,000. Wealthfront Advisers LLC acquired a new stake in iShares MSCI Canada ETF during the 2nd quarter worth about $230,000. Coppell Advisory Solutions LLC purchased a new stake in iShares MSCI Canada ETF during the 2nd quarter valued at about $792,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of iShares MSCI Canada ETF by 32.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,350 shares of the exchange traded fund’s stock valued at $5,144,000 after purchasing an additional 27,000 shares during the period.

iShares MSCI Canada ETF Company Profile

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.