iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Unusually-High Trading Volume – What’s Next?

iShares MSCI Spain ETF (NYSEARCA:EWP) shares saw unusually-strong trading volume on Wednesday . Approximately 671,997 shares were traded during mid-day trading, an increase of 112% from the previous session’s volume of 317,448 shares.The stock last traded at $32.70 and had previously closed at $32.46.

iShares MSCI Spain ETF Stock Performance

The stock’s fifty day simple moving average is $33.88 and its two-hundred day simple moving average is $33.13. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.75 and a beta of 0.76.

Hedge Funds Weigh In On iShares MSCI Spain ETF

A number of hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares MSCI Spain ETF during the 2nd quarter worth about $36,000. FMR LLC boosted its holdings in shares of iShares MSCI Spain ETF by 1,603.8% during the third quarter. FMR LLC now owns 1,806 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 1,700 shares during the period. Creative Financial Designs Inc. ADV purchased a new position in iShares MSCI Spain ETF during the third quarter valued at approximately $81,000. Sunbelt Securities Inc. acquired a new position in iShares MSCI Spain ETF in the 2nd quarter valued at approximately $75,000. Finally, SG Americas Securities LLC acquired a new position in iShares MSCI Spain ETF in the 2nd quarter valued at approximately $190,000.

About iShares MSCI Spain ETF

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index 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 Spanish market, as measured by the MSCI Spain Index (the Index).