Investors Purchase Large Volume of iShares MSCI Brazil ETF Put Options (NYSEARCA:EWZ)

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of unusually large options trading on Friday. Stock investors acquired 185,216 put options on the company. This is an increase of approximately 32% compared to the typical daily volume of 140,225 put options.

iShares MSCI Brazil ETF Trading Up 2.3 %

Shares of EWZ opened at $31.53 on Friday. The business’s 50-day moving average price is $32.27 and its 200 day moving average price is $32.72. The stock has a market capitalization of $4.95 billion, a P/E ratio of 5.69 and a beta of 0.93. iShares MSCI Brazil ETF has a 1-year low of $27.20 and a 1-year high of $35.74.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

A number of institutional investors have recently bought and sold shares of the stock. Millburn Ridgefield Corp grew its stake in iShares MSCI Brazil ETF by 12.7% during the 1st quarter. Millburn Ridgefield Corp now owns 530,401 shares of the exchange traded fund’s stock valued at $17,196,000 after acquiring an additional 59,843 shares in the last quarter. Simplex Trading LLC purchased a new position in iShares MSCI Brazil ETF during the 1st quarter valued at about $5,097,000. Leavell Investment Management Inc. grew its stake in iShares MSCI Brazil ETF by 11.7% during the 1st quarter. Leavell Investment Management Inc. now owns 8,227 shares of the exchange traded fund’s stock valued at $267,000 after acquiring an additional 862 shares in the last quarter. Solstein Capital LLC grew its stake in iShares MSCI Brazil ETF by 226.5% during the 1st quarter. Solstein Capital LLC now owns 27,373 shares of the exchange traded fund’s stock valued at $887,000 after acquiring an additional 18,990 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in iShares MSCI Brazil ETF by 131.5% during the 1st quarter. Global Retirement Partners LLC now owns 1,609 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 914 shares in the last quarter.

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).