iShares MSCI Canada ETF Sees Unusually High Options Volume (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) was the target of some unusual options trading on Friday. Investors bought 65,141 put options on the stock. This is an increase of approximately 981% compared to the average daily volume of 6,025 put options.

iShares MSCI Canada ETF Trading Down 0.6 %

NYSEARCA:EWC traded down $0.27 on Friday, reaching $41.18. 1,765,884 shares of the stock traded hands, compared to its average volume of 2,034,463. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 14.59 and a beta of 0.90. iShares MSCI Canada ETF has a 12 month low of $31.41 and a 12 month high of $42.17. The company’s fifty day simple moving average is $40.81 and its 200 day simple moving average is $38.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EWC. Family Firm Inc. raised its holdings in iShares MSCI Canada ETF by 1.0% in the 2nd quarter. Family Firm Inc. now owns 28,791 shares of the exchange traded fund’s stock worth $1,068,000 after purchasing an additional 275 shares during the period. Caprock Group LLC boosted its position in shares of iShares MSCI Canada ETF by 2.8% in the second quarter. Caprock Group LLC now owns 10,774 shares of the exchange traded fund’s stock worth $400,000 after purchasing an additional 290 shares during the period. Syntrinsic LLC raised its position in shares of iShares MSCI Canada ETF by 26.0% during the 2nd quarter. Syntrinsic LLC now owns 1,494 shares of the exchange traded fund’s stock valued at $55,000 after purchasing an additional 308 shares during the period. CWM LLC lifted its stake in shares of iShares MSCI Canada ETF by 18.7% during the 2nd quarter. CWM LLC now owns 2,346 shares of the exchange traded fund’s stock valued at $87,000 after buying an additional 370 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in iShares MSCI Canada ETF by 9.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 4,362 shares of the exchange traded fund’s stock worth $181,000 after buying an additional 374 shares during the period.

About iShares MSCI Canada ETF

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). 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 Canadian market, as measured by the MSCI Canada Index (the Index).