Investors Buy High Volume of Put Options on iShares MSCI Canada ETF (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 23,594 put options on the company. This is an increase of 171% compared to the typical volume of 8,720 put options.

iShares MSCI Canada ETF Trading Down 0.7%

NYSEARCA:EWC traded down $0.37 during mid-day trading on Wednesday, reaching $53.93. 2,216,402 shares of the stock were exchanged, compared to its average volume of 2,342,925. iShares MSCI Canada ETF has a 1-year low of $36.70 and a 1-year high of $54.80. The business has a fifty day moving average price of $52.04 and a 200 day moving average price of $49.47. The firm has a market capitalization of $3.61 billion, a PE ratio of 19.77 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. New Vernon Capital Holdings II LLC grew its holdings in shares of iShares MSCI Canada ETF by 5,813.7% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 4,121,700 shares of the exchange traded fund’s stock valued at $167,959,000 after acquiring an additional 4,052,002 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in iShares MSCI Canada ETF in the 2nd quarter valued at approximately $51,589,000. Bank of Nova Scotia acquired a new stake in shares of iShares MSCI Canada ETF during the 2nd quarter worth approximately $40,619,000. Strs Ohio acquired a new stake in iShares MSCI Canada ETF during the first quarter worth $34,214,000. Finally, Bank of Montreal Can increased its holdings in iShares MSCI Canada ETF by 152.1% in the 2nd quarter. Bank of Montreal Can now owns 1,304,333 shares of the exchange traded fund’s stock valued at $60,260,000 after buying an additional 787,009 shares during the period.

About iShares MSCI Canada ETF

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.