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

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the target of some unusual options trading on Monday. Stock traders bought 20,085 call options on the company. This is an increase of approximately 55% compared to the average volume of 12,920 call options.

iShares MSCI South Korea ETF Price Performance

EWY stock traded up $2.68 during mid-day trading on Monday, hitting $104.90. 5,197,381 shares of the stock were exchanged, compared to its average volume of 6,909,408. The business has a fifty day moving average price of $93.82 and a 200 day moving average price of $82.48. iShares MSCI South Korea ETF has a 12 month low of $48.49 and a 12 month high of $105.25. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22.

Institutional Trading of iShares MSCI South Korea ETF

Several hedge funds have recently added to or reduced their stakes in EWY. Hsbc Holdings PLC raised its position in shares of iShares MSCI South Korea ETF by 1,753.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,296,271 shares of the exchange traded fund’s stock worth $93,047,000 after purchasing an additional 1,226,315 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of iShares MSCI South Korea ETF by 31,122.4% during the 2nd quarter. Schroder Investment Management Group now owns 1,065,620 shares of the exchange traded fund’s stock valued at $75,382,000 after purchasing an additional 1,062,207 shares during the period. JPMorgan Chase & Co. increased its holdings in iShares MSCI South Korea ETF by 4,532.1% during the second quarter. JPMorgan Chase & Co. now owns 1,066,257 shares of the exchange traded fund’s stock valued at $76,536,000 after buying an additional 1,043,238 shares during the last quarter. TD Asset Management Inc lifted its position in iShares MSCI South Korea ETF by 85.5% during the third quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock valued at $123,076,000 after purchasing an additional 708,000 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. bought a new position in shares of iShares MSCI South Korea ETF during the 2nd quarter valued at approximately $48,810,000. 49.22% of the stock is owned by institutional investors.

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.