Investors Purchase High Volume of iShares MSCI Canada ETF Put Options (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) saw some unusual options trading activity on Friday. Traders bought 20,006 put options on the company. This is an increase of approximately 439% compared to the typical volume of 3,712 put options.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lunt Capital Management Inc. boosted its holdings in iShares MSCI Canada ETF by 4.3% during the fourth quarter. Lunt Capital Management Inc. now owns 4,700 shares of the exchange traded fund’s stock worth $253,000 after buying an additional 195 shares in the last quarter. Dearborn Partners LLC increased its holdings in shares of iShares MSCI Canada ETF by 2.4% in the fourth quarter. Dearborn Partners LLC now owns 8,700 shares of the exchange traded fund’s stock valued at $469,000 after buying an additional 200 shares in the last quarter. Cardinal Point Capital Management ULC increased its holdings in shares of iShares MSCI Canada ETF by 1.0% in the first quarter. Cardinal Point Capital Management ULC now owns 19,404 shares of the exchange traded fund’s stock valued at $1,063,000 after buying an additional 200 shares in the last quarter. Kaizen Financial Strategies lifted its position in shares of iShares MSCI Canada ETF by 4.0% during the 1st quarter. Kaizen Financial Strategies now owns 5,210 shares of the exchange traded fund’s stock valued at $302,000 after acquiring an additional 200 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of iShares MSCI Canada ETF by 10.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,201 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 202 shares during the last quarter.

iShares MSCI Canada ETF Stock Up 0.8%

Shares of EWC stock traded up $0.51 during trading hours on Friday, hitting $61.21. 275,133 shares of the company were exchanged, compared to its average volume of 2,351,450. The firm has a market cap of $6.32 billion, a PE ratio of 19.77 and a beta of 0.86. iShares MSCI Canada ETF has a 1 year low of $46.91 and a 1 year high of $61.30. The firm has a fifty day moving average of $58.68 and a 200 day moving average of $57.30.

About iShares MSCI Canada ETF

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.