iShares MSCI Germany ETF Target of Unusually High Options Trading (NYSEARCA:EWG)

iShares MSCI Germany ETF (NYSEARCA:EWG) saw some unusual options trading on Thursday. Investors purchased 20,183 put options on the company. This is an increase of approximately 511% compared to the typical daily volume of 3,305 put options.

Hedge Funds Weigh In On iShares MSCI Germany ETF

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. lifted its position in shares of iShares MSCI Germany ETF by 65.6% during the third quarter. Citigroup Inc. now owns 194,663 shares of the exchange traded fund’s stock worth $8,100,000 after purchasing an additional 77,108 shares in the last quarter. Dynamic Wealth Strategies LLC purchased a new stake in iShares MSCI Germany ETF during the 3rd quarter worth approximately $718,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares MSCI Germany ETF in the third quarter worth $534,000. 3EDGE Asset Management LP increased its position in shares of iShares MSCI Germany ETF by 144.7% during the third quarter. 3EDGE Asset Management LP now owns 273,713 shares of the exchange traded fund’s stock worth $11,308,000 after acquiring an additional 161,866 shares during the period. Finally, Lido Advisors LLC acquired a new stake in shares of iShares MSCI Germany ETF in the second quarter valued at $2,159,000. 53.42% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Germany ETF Stock Performance

Shares of EWG traded down $0.41 during midday trading on Thursday, hitting $39.79. 2,028,412 shares of the stock were exchanged, compared to its average volume of 2,597,012. iShares MSCI Germany ETF has a 52-week low of $32.82 and a 52-week high of $44.65. The stock has a fifty day simple moving average of $42.14 and a 200 day simple moving average of $41.83. The firm has a market cap of $1.62 billion, a P/E ratio of 17.79 and a beta of 1.03.

About iShares MSCI Germany ETF

iShares MSCI Germany ETF, formerly iShares MSCI Germany Index Fund (the 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 German market, as measured by the MSCI Germany Index (the Index). The Index seeks to measure the performance of the Germany equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.