iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Gap Down – Here’s What Happened

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) gapped down prior to trading on Monday . The stock had previously closed at $54.96, but opened at $53.74. iShares MSCI South Korea ETF shares last traded at $53.77, with a volume of 791,468 shares changing hands.

iShares MSCI South Korea ETF Trading Down 1.8 %

The company has a market cap of $4.29 billion, a P/E ratio of 9.60 and a beta of 1.25. The company has a 50 day moving average price of $59.99 and a 200-day moving average price of $63.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EWY. Synovus Financial Corp lifted its stake in iShares MSCI South Korea ETF by 3.6% in the 3rd quarter. Synovus Financial Corp now owns 53,623 shares of the exchange traded fund’s stock valued at $3,430,000 after purchasing an additional 1,879 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of iShares MSCI South Korea ETF by 230.8% during the third quarter. Stifel Financial Corp now owns 105,558 shares of the exchange traded fund’s stock worth $6,751,000 after buying an additional 73,644 shares in the last quarter. Centiva Capital LP bought a new position in shares of iShares MSCI South Korea ETF in the 3rd quarter valued at $1,644,000. Flow Traders U.S. LLC boosted its holdings in shares of iShares MSCI South Korea ETF by 34.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 371,262 shares of the exchange traded fund’s stock valued at $23,746,000 after acquiring an additional 94,873 shares in the last quarter. Finally, Bridgewater Associates LP grew its position in iShares MSCI South Korea ETF by 12.9% during the 3rd quarter. Bridgewater Associates LP now owns 1,927,560 shares of the exchange traded fund’s stock worth $123,287,000 after acquiring an additional 220,129 shares during the last quarter.

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.