iShares MSCI South Korea ETF (NYSEARCA:EWY) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) saw an uptick in trading volume on Tuesday . 31,353,648 shares traded hands during mid-day trading, an increase of 851% from the previous session’s volume of 3,295,897 shares.The stock last traded at $54.89 and had previously closed at $56.71.

iShares MSCI South Korea ETF Price Performance

The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 9.60 and a beta of 1.25. The firm’s fifty day moving average price is $60.78 and its 200-day moving average price is $63.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Telos Capital Management Inc. lifted its stake in iShares MSCI South Korea ETF by 1.9% during the 3rd quarter. Telos Capital Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $599,000 after acquiring an additional 173 shares during the period. Fisher Asset Management LLC boosted its holdings in iShares MSCI South Korea ETF by 6.9% in the third quarter. Fisher Asset Management LLC now owns 4,768 shares of the exchange traded fund’s stock worth $305,000 after purchasing an additional 309 shares during the last quarter. Laffer Tengler Investments Inc. raised its stake in iShares MSCI South Korea ETF by 10.7% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 3,604 shares of the exchange traded fund’s stock valued at $231,000 after buying an additional 349 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of iShares MSCI South Korea ETF by 1.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 33,646 shares of the exchange traded fund’s stock valued at $2,152,000 after buying an additional 360 shares during the period. Finally, Patten Group Inc. boosted its stake in shares of iShares MSCI South Korea ETF by 7.2% in the 2nd quarter. Patten Group Inc. now owns 5,703 shares of the exchange traded fund’s stock worth $377,000 after buying an additional 382 shares during the last quarter.

iShares MSCI South Korea ETF Company Profile

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.