iShares MSCI Brazil ETF Sees Unusually Large Options Volume (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) saw unusually large options trading on Tuesday. Investors purchased 445,846 call options on the stock. This is an increase of approximately 152% compared to the average volume of 176,896 call options.

iShares MSCI Brazil ETF Trading Up 2.0%

Shares of NYSEARCA:EWZ traded up $0.74 on Tuesday, hitting $38.60. 19,727,371 shares of the company were exchanged, compared to its average volume of 29,429,674. The firm has a market capitalization of $9.77 billion, a P/E ratio of 9.58 and a beta of 0.62. iShares MSCI Brazil ETF has a 1-year low of $28.66 and a 1-year high of $42.02. The stock’s 50 day moving average price is $35.49 and its 200 day moving average price is $36.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Continuum Advisory LLC acquired a new position in shares of iShares MSCI Brazil ETF in the second quarter worth $25,000. XP Advisory US Inc. acquired a new position in iShares MSCI Brazil ETF in the 2nd quarter worth $33,000. NewEdge Advisors LLC boosted its stake in shares of iShares MSCI Brazil ETF by 819.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 1,500 shares during the last quarter. Highland Investment Advisors LLC acquired a new position in iShares MSCI Brazil ETF in the second quarter worth about $46,000. Finally, Parallel Advisors LLC raised its holdings in shares of iShares MSCI Brazil ETF by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 293 shares during the period. 72.69% of the stock is currently owned by institutional investors and hedge funds.

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.