iShares MSCI Emerging Markets ETF Target of Unusually Large Options Trading (NYSEARCA:EEM)

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) saw some unusual options trading on Friday. Investors purchased 329,794 call options on the company. This represents an increase of approximately 48% compared to the average volume of 222,566 call options.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Pillar Financial Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $28,000. Elequin Capital LP bought a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $28,000. Navigoe LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $30,000. Copia Wealth Management bought a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $33,000. Finally, Compass Planning Associates Inc purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $36,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 3.1 %

Shares of EEM stock opened at $41.75 on Friday. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 14.53 and a beta of 0.63. The stock has a fifty day moving average of $43.49 and a 200 day moving average of $43.67. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $47.44.

About iShares MSCI Emerging Markets ETF

iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index).