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

iShares MSCI Australia ETF (NYSEARCA:EWA) saw unusually-strong trading volume on Friday . Approximately 3,456,064 shares traded hands during mid-day trading, an increase of 107% from the previous session’s volume of 1,671,974 shares.The stock last traded at $23.75 and had previously closed at $24.02.

iShares MSCI Australia ETF Price Performance

The stock’s fifty day simple moving average is $24.54 and its 200-day simple moving average is $25.39. The firm has a market cap of $1.33 billion, a PE ratio of 20.74 and a beta of 1.14.

Institutional Trading of iShares MSCI Australia ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Copia Wealth Management acquired a new stake in shares of iShares MSCI Australia ETF in the fourth quarter worth $139,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of iShares MSCI Australia ETF in the fourth quarter worth $372,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of iShares MSCI Australia ETF in the fourth quarter worth $4,721,000. Vident Advisory LLC increased its stake in shares of iShares MSCI Australia ETF by 52.0% in the fourth quarter. Vident Advisory LLC now owns 15,979 shares of the exchange traded fund’s stock worth $381,000 after acquiring an additional 5,469 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of iShares MSCI Australia ETF by 133.6% in the fourth quarter. Tidal Investments LLC now owns 78,049 shares of the exchange traded fund’s stock worth $1,862,000 after acquiring an additional 44,634 shares during the period. Institutional investors and hedge funds 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).