iShares MSCI Germany ETF Sees Unusually High Options Volume (NYSEARCA:EWG)

iShares MSCI Germany ETF (NYSEARCA:EWG) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 82,215 put options on the company. This represents an increase of 2,024% compared to the typical daily volume of 3,871 put options.

iShares MSCI Germany ETF Price Performance

EWG stock traded down $0.67 during trading hours on Wednesday, reaching $41.37. The stock had a trading volume of 818,167 shares, compared to its average volume of 2,179,538. The stock has a 50-day simple moving average of $42.11 and a 200 day simple moving average of $42.16. iShares MSCI Germany ETF has a fifty-two week low of $37.97 and a fifty-two week high of $44.65. The stock has a market capitalization of $1.41 billion, a PE ratio of 17.79 and a beta of 0.95.

Institutional Investors Weigh In On iShares MSCI Germany ETF

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in iShares MSCI Germany ETF by 28.1% during the third quarter. Bank of America Corp DE now owns 2,476,196 shares of the exchange traded fund’s stock worth $103,035,000 after purchasing an additional 542,642 shares during the period. Optiver Holding B.V. raised its stake in iShares MSCI Germany ETF by 38.2% in the third quarter. Optiver Holding B.V. now owns 811,941 shares of the exchange traded fund’s stock valued at $33,785,000 after buying an additional 224,299 shares during the period. Ameriprise Financial Inc. lifted its position in shares of iShares MSCI Germany ETF by 289.5% in the third quarter. Ameriprise Financial Inc. now owns 730,196 shares of the exchange traded fund’s stock valued at $30,766,000 after buying an additional 542,708 shares during the last quarter. Rice Partnership LLC boosted its stake in shares of iShares MSCI Germany ETF by 9.8% during the 4th quarter. Rice Partnership LLC now owns 718,167 shares of the exchange traded fund’s stock worth $30,522,000 after acquiring an additional 64,166 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of iShares MSCI Germany ETF by 487.7% during the 3rd quarter. Marshall Wace LLP now owns 635,765 shares of the exchange traded fund’s stock worth $26,454,000 after acquiring an additional 527,589 shares during the period. 53.42% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Germany ETF Company Profile

iShares MSCI Germany ETF, formerly iShares MSCI Germany Index Fund (the Fund), is an exchange-traded fund. The 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 German market, as measured by the MSCI Germany Index (the Index). The Index seeks to measure the performance of the Germany equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.