iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Gap Up – What’s Next?

iShares MSCI South Korea ETF (NYSEARCA:EWY) gapped up before the market opened on Monday . The stock had previously closed at $95.84, but opened at $97.95. iShares MSCI South Korea ETF shares last traded at $97.9830, with a volume of 1,046,125 shares traded.

iShares MSCI South Korea ETF Stock Performance

The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. The stock’s fifty day moving average is $92.95 and its two-hundred day moving average is $81.37.

Institutional Trading of iShares MSCI South Korea ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG boosted its holdings in iShares MSCI South Korea ETF by 226.2% in the first quarter. Deutsche Bank AG now owns 3,533 shares of the exchange traded fund’s stock valued at $191,000 after purchasing an additional 2,450 shares during the last quarter. Twin Tree Management LP purchased a new stake in iShares MSCI South Korea ETF during the 1st quarter worth approximately $680,000. Banque Transatlantique SA acquired a new position in shares of iShares MSCI South Korea ETF in the 1st quarter valued at approximately $25,000. New Vernon Capital Holdings II LLC boosted its stake in shares of iShares MSCI South Korea ETF by 5,822.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 1,420,928 shares of the exchange traded fund’s stock valued at $76,787,000 after buying an additional 1,396,934 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. purchased a new position in shares of iShares MSCI South Korea ETF during the 1st quarter valued at approximately $301,000. 49.22% of the stock is owned by hedge funds and other institutional investors.

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.