iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares MSCI Australia ETF (NYSEARCA:EWA) saw an uptick in trading volume on Wednesday . 2,293,247 shares changed hands during trading, an increase of 78% from the previous session’s volume of 1,291,964 shares.The stock last traded at $24.26 and had previously closed at $24.22.

iShares MSCI Australia ETF Price Performance

The firm’s 50-day moving average is $25.25 and its 200-day moving average is $25.40.

Institutional Trading of iShares MSCI Australia ETF

A number of hedge funds have recently bought and sold shares of EWA. Wilmington Savings Fund Society FSB purchased a new position in shares of iShares MSCI Australia ETF during the third quarter worth approximately $34,000. Headlands Technologies LLC bought a new position in shares of iShares MSCI Australia ETF during the 2nd quarter valued at $64,000. Angeles Wealth Management LLC bought a new position in shares of iShares MSCI Australia ETF during the 3rd quarter valued at $108,000. Rosenberg Matthew Hamilton raised its position in iShares MSCI Australia ETF by 16.3% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,651 shares of the exchange traded fund’s stock worth $126,000 after purchasing an additional 651 shares during the period. Finally, Modera Wealth Management LLC bought a new stake in iShares MSCI Australia ETF in the third quarter worth $219,000. Institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index).