Stock Traders Buy Large Volume of Put Options on iShares MSCI South Korea ETF (NYSEARCA:EWY)

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the recipient of some unusual options trading on Thursday. Stock investors acquired 167,242 put options on the company. This represents an increase of approximately 47% compared to the typical daily volume of 113,785 put options.

iShares MSCI South Korea ETF Price Performance

EWY stock traded down $5.36 during trading on Thursday, reaching $180.14. 30,761,584 shares of the stock traded hands, compared to its average volume of 19,693,939. The firm has a market capitalization of $21.81 billion, a PE ratio of 10.35 and a beta of 1.46. The business’s 50 day moving average price is $188.03 and its 200-day moving average price is $145.16. iShares MSCI South Korea ETF has a 52-week low of $69.85 and a 52-week high of $220.89.

Institutional Trading of iShares MSCI South Korea ETF

Institutional investors have recently modified their holdings of the company. Western Wealth Management LLC purchased a new position in iShares MSCI South Korea ETF in the first quarter valued at approximately $254,000. DV Trading LLC grew its stake in iShares MSCI South Korea ETF by 72.4% during the first quarter. DV Trading LLC now owns 4,513 shares of the exchange traded fund’s stock worth $555,000 after buying an additional 1,896 shares during the period. Parallel Advisors LLC purchased a new stake in iShares MSCI South Korea ETF during the first quarter worth approximately $29,000. NWI Management LP acquired a new stake in shares of iShares MSCI South Korea ETF in the first quarter worth $1,107,000. Finally, Silicon Valley Capital Partners purchased a new position in shares of iShares MSCI South Korea ETF in the 1st quarter valued at $492,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

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.