Stock Traders Purchase High Volume of iShares MSCI South Korea ETF Put Options (NYSEARCA:EWY)

iShares MSCI South Korea ETF (NYSEARCA:EWY) saw unusually large options trading activity on Tuesday. Stock investors purchased 2,846 put options on the stock. This represents an increase of 380% compared to the average volume of 593 put options.

Institutional Trading of iShares MSCI South Korea ETF

Several hedge funds have recently modified their holdings of EWY. Sun Life Financial Inc. raised its position in shares of iShares MSCI South Korea ETF by 46.0% in the 2nd quarter. Sun Life Financial Inc. now owns 1,490,773 shares of the exchange traded fund’s stock valued at $98,525,000 after purchasing an additional 469,500 shares during the last quarter. Hsbc Holdings PLC increased its holdings in iShares MSCI South Korea ETF by 49.7% in the 2nd quarter. Hsbc Holdings PLC now owns 1,263,030 shares of the exchange traded fund’s stock worth $83,474,000 after buying an additional 419,112 shares during the period. City of London Investment Management Co. Ltd. grew its stake in shares of iShares MSCI South Korea ETF by 125.2% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 519,978 shares of the exchange traded fund’s stock worth $34,365,000 after purchasing an additional 289,047 shares during the period. MKP Capital Management L.L.C. acquired a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter worth approximately $17,252,000. Finally, Bank of Montreal Can grew its stake in shares of iShares MSCI South Korea ETF by 15,976.1% during the 3rd quarter. Bank of Montreal Can now owns 233,907 shares of the exchange traded fund’s stock worth $15,517,000 after purchasing an additional 232,452 shares during the period.

iShares MSCI South Korea ETF Price Performance

Shares of EWY stock traded down $0.72 during mid-day trading on Tuesday, hitting $56.71. 5,716,848 shares of the stock traded hands, compared to its average volume of 3,177,159. The stock has a market cap of $4.50 billion, a P/E ratio of 9.60 and a beta of 1.25. The stock’s fifty day moving average is $60.92 and its two-hundred day moving average is $63.38. iShares MSCI South Korea ETF has a 52-week low of $55.69 and a 52-week high of $69.51.

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.