iShares MSCI Brazil ETF (NYSEARCA:EWZ) Stock Sees Heavy Call Option Buying

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of unusually large options trading on Friday. Traders purchased 459,029 call options on the stock. This is an increase of approximately 50% compared to the average volume of 306,864 call options.

iShares MSCI Brazil ETF Price Performance

NYSEARCA EWZ opened at $43.54 on Friday. The company has a market cap of $10.24 billion, a P/E ratio of 9.58 and a beta of 0.57. The stock has a 50-day moving average of $37.06 and a two-hundred day moving average of $36.89. iShares MSCI Brazil ETF has a 1-year low of $28.66 and a 1-year high of $43.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. increased its position in shares of iShares MSCI Brazil ETF by 2.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 17,487 shares of the exchange traded fund’s stock valued at $603,000 after purchasing an additional 383 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of iShares MSCI Brazil ETF by 22.4% during the 1st quarter. Parallel Advisors LLC now owns 2,511 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 459 shares during the last quarter. First Growth Capital LLC lifted its position in shares of iShares MSCI Brazil ETF by 4.9% during the 1st quarter. First Growth Capital LLC now owns 14,683 shares of the exchange traded fund’s stock worth $563,000 after purchasing an additional 680 shares during the last quarter. Continuum Advisory LLC acquired a new position in shares of iShares MSCI Brazil ETF during the second quarter worth $25,000. Finally, Hudson Value Partners LLC grew its stake in shares of iShares MSCI Brazil ETF by 2.8% during the second quarter. Hudson Value Partners LLC now owns 32,903 shares of the exchange traded fund’s stock worth $1,135,000 after purchasing an additional 902 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

About iShares MSCI Brazil ETF

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