Traders Purchase Large Volume of Put Options on iShares MSCI South Korea ETF (NYSEARCA:EWY)

iShares MSCI South Korea ETF (NYSEARCA:EWY) saw some unusual options trading activity on Friday. Traders bought 67,131 put options on the company. This is an increase of approximately 26% compared to the typical volume of 53,068 put options.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC lifted its stake in shares of iShares MSCI South Korea ETF by 2.4% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 5,820 shares of the exchange traded fund’s stock worth $466,000 after acquiring an additional 138 shares during the period. Guidance Capital Inc. boosted its holdings in shares of iShares MSCI South Korea ETF by 2.4% in the third quarter. Guidance Capital Inc. now owns 6,221 shares of the exchange traded fund’s stock valued at $498,000 after acquiring an additional 146 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of iShares MSCI South Korea ETF by 1.9% during the fourth quarter. Diversify Advisory Services LLC now owns 8,769 shares of the exchange traded fund’s stock valued at $853,000 after acquiring an additional 162 shares during the period. Creative Planning increased its stake in shares of iShares MSCI South Korea ETF by 3.6% during the second quarter. Creative Planning now owns 5,021 shares of the exchange traded fund’s stock valued at $360,000 after acquiring an additional 176 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in iShares MSCI South Korea ETF by 5.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,844 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Price Performance

Shares of EWY stock opened at $125.78 on Friday. The firm’s 50-day simple moving average is $127.43 and its 200-day simple moving average is $102.84. iShares MSCI South Korea ETF has a 1-year low of $48.49 and a 1-year high of $154.22. The firm has a market cap of $12.37 billion, a P/E ratio of 10.35 and a beta of 1.22.

About iShares MSCI South Korea ETF

iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.