iShares MSCI South Korea ETF Target of Unusually High Options Trading (NYSEARCA:EWY)

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 10,184 call options on the stock. This is an increase of 185% compared to the typical daily volume of 3,570 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its stake in shares of iShares MSCI South Korea ETF by 421.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,755,422 shares of the exchange traded fund’s stock valued at $140,223,000 after purchasing an additional 2,226,837 shares during the period. Bridgewater Associates LP boosted its position in iShares MSCI South Korea ETF by 63.7% during the 4th quarter. Bridgewater Associates LP now owns 3,154,717 shares of the exchange traded fund’s stock worth $160,544,000 after acquiring an additional 1,227,157 shares during the period. Bank of America Corp DE grew its stake in shares of iShares MSCI South Korea ETF by 113.1% in the fourth quarter. Bank of America Corp DE now owns 2,012,789 shares of the exchange traded fund’s stock worth $102,431,000 after purchasing an additional 1,068,280 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of iShares MSCI South Korea ETF by 280.4% during the fourth quarter. Rafferty Asset Management LLC now owns 1,289,299 shares of the exchange traded fund’s stock valued at $65,612,000 after purchasing an additional 950,379 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of iShares MSCI South Korea ETF by 88.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,723,164 shares of the exchange traded fund’s stock valued at $87,692,000 after purchasing an additional 809,967 shares in the last quarter.

iShares MSCI South Korea ETF Price Performance

NYSEARCA EWY opened at $54.63 on Thursday. The company’s fifty day moving average price is $55.79 and its two-hundred day moving average price is $57.34. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 10.54 and a beta of 1.12. iShares MSCI South Korea ETF has a 12 month low of $50.74 and a 12 month high of $69.52.

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.