Stock Traders Purchase Large Volume of Put Options on iShares MSCI Germany ETF (NYSEARCA:EWG)

iShares MSCI Germany ETF (NYSEARCA:EWG) was the target of some unusual options trading on Tuesday. Traders acquired 8,205 put options on the stock. This is an increase of 570% compared to the average volume of 1,224 put options.

Institutional Trading of iShares MSCI Germany ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Financial Concepts LLC increased its position in iShares MSCI Germany ETF by 2,984.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,054,793 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 1,020,599 shares in the last quarter. WestEnd Advisors LLC purchased a new stake in shares of iShares MSCI Germany ETF in the third quarter worth $50,000. Whittier Trust Co. increased its holdings in shares of iShares MSCI Germany ETF by 38.5% during the third quarter. Whittier Trust Co. now owns 2,813 shares of the exchange traded fund’s stock valued at $95,000 after acquiring an additional 782 shares in the last quarter. Centric Wealth Management purchased a new position in shares of iShares MSCI Germany ETF in the 3rd quarter worth about $204,000. Finally, National Bank of Canada FI boosted its stake in iShares MSCI Germany ETF by 43.9% in the 3rd quarter. National Bank of Canada FI now owns 6,224 shares of the exchange traded fund’s stock worth $211,000 after purchasing an additional 1,900 shares in the last quarter.

iShares MSCI Germany ETF Price Performance

EWG stock traded down $0.13 during midday trading on Tuesday, hitting $32.88. The stock had a trading volume of 166,161 shares, compared to its average volume of 1,076,717. The firm has a market cap of $996.26 million, a price-to-earnings ratio of 14.47 and a beta of 0.91. The business has a 50-day moving average of $32.50 and a two-hundred day moving average of $31.89. iShares MSCI Germany ETF has a 52-week low of $28.28 and a 52-week high of $34.12.

iShares MSCI Germany ETF Company Profile

iShares MSCI Germany ETF, formerly iShares MSCI Germany Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the German market, as measured by the MSCI Germany Index (the Index).