iShares MSCI Canada ETF Target of Unusually High Options Trading (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) was the target of some unusual options trading on Friday. Stock traders bought 20,117 put options on the company. This represents an increase of approximately 357% compared to the average daily volume of 4,406 put options.

iShares MSCI Canada ETF Stock Down 0.3%

EWC traded down $0.15 during trading on Friday, hitting $58.00. The company had a trading volume of 1,504,867 shares, compared to its average volume of 2,789,023. The company has a market capitalization of $4.29 billion, a PE ratio of 19.77 and a beta of 0.94. iShares MSCI Canada ETF has a one year low of $36.70 and a one year high of $58.78. The firm’s 50-day moving average price is $55.34 and its 200 day moving average price is $52.11.

Institutional Trading of iShares MSCI Canada ETF

Several institutional investors and hedge funds have recently bought and sold shares of EWC. Allspring Global Investments Holdings LLC raised its stake in iShares MSCI Canada ETF by 8.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 341,146 shares of the exchange traded fund’s stock valued at $17,245,000 after purchasing an additional 26,733 shares in the last quarter. Bank of Nova Scotia acquired a new stake in iShares MSCI Canada ETF during the second quarter worth about $40,619,000. Wealthfront Advisers LLC bought a new position in iShares MSCI Canada ETF in the 2nd quarter valued at about $230,000. Coppell Advisory Solutions LLC bought a new position in iShares MSCI Canada ETF in the 2nd quarter valued at about $792,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of iShares MSCI Canada ETF by 32.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,350 shares of the exchange traded fund’s stock valued at $5,144,000 after buying an additional 27,000 shares in the last quarter.

iShares MSCI Canada ETF Company Profile

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