iShares MSCI Japan ETF Target of Unusually High Options Trading (NYSEARCA:EWJ)

iShares MSCI Japan ETF (NYSEARCA:EWJ) was the target of unusually large options trading activity on Thursday. Stock investors purchased 18,955 put options on the stock. This is an increase of 152% compared to the typical daily volume of 7,536 put options.

Hedge Funds Weigh In On iShares MSCI Japan ETF

Institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC grew its holdings in iShares MSCI Japan ETF by 1.3% during the fourth quarter. Corient Private Wealth LLC now owns 178,089 shares of the exchange traded fund’s stock valued at $14,388,000 after purchasing an additional 2,260 shares during the period. Mengis Capital Management Inc. purchased a new position in shares of iShares MSCI Japan ETF during the 4th quarter valued at $202,000. Rehmann Capital Advisory Group grew its stake in shares of iShares MSCI Japan ETF by 59.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 7,769 shares of the exchange traded fund’s stock worth $627,000 after acquiring an additional 2,882 shares during the period. Corecam Pte. Ltd. grew its stake in shares of iShares MSCI Japan ETF by 3.6% during the 4th quarter. Corecam Pte. Ltd. now owns 57,950 shares of the exchange traded fund’s stock worth $4,679,000 after acquiring an additional 2,000 shares during the period. Finally, MidFirst Bank purchased a new stake in iShares MSCI Japan ETF in the 4th quarter worth about $32,000. 64.60% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Japan ETF Stock Performance

Shares of NYSEARCA EWJ traded down $1.47 during trading on Thursday, hitting $84.26. 5,911,477 shares of the company traded hands, compared to its average volume of 10,607,071. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68. The business’s fifty day moving average is $87.40 and its 200 day moving average is $83.59. iShares MSCI Japan ETF has a fifty-two week low of $59.84 and a fifty-two week high of $94.28.

About iShares MSCI Japan ETF

iShares MSCI Japan ETF (the fund), formerly Ishares Msci Japan Index Fund, is an exchange-traded fund. 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 Japanese market, as measured by the MSCI Japan Index (the Index). The Index consists of stocks traded primarily on the Tokyo Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.