iShares MSCI Canada ETF Target of Unusually Large Options Trading (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) saw unusually large options trading on Monday. Investors acquired 34,064 put options on the company. This is an increase of approximately 286% compared to the average daily volume of 8,832 put options.

iShares MSCI Canada ETF Stock Performance

EWC opened at $40.07 on Wednesday. The stock has a 50-day moving average of $41.59 and a 200-day moving average of $40.41. iShares MSCI Canada ETF has a 52-week low of $35.05 and a 52-week high of $43.33. The company has a market cap of $2.87 billion, a PE ratio of 14.59 and a beta of 0.90.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EWC. Ashton Thomas Private Wealth LLC acquired a new position in iShares MSCI Canada ETF in the 2nd quarter valued at approximately $45,000. Whittier Trust Co. boosted its position in iShares MSCI Canada ETF by 38.7% in the third quarter. Whittier Trust Co. now owns 1,682 shares of the exchange traded fund’s stock valued at $70,000 after buying an additional 469 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of iShares MSCI Canada ETF by 20.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,023 shares of the exchange traded fund’s stock worth $126,000 after acquiring an additional 523 shares in the last quarter. Avior Wealth Management LLC acquired a new position in iShares MSCI Canada ETF in the third quarter worth $148,000. Finally, Richardson Financial Services Inc. lifted its position in iShares MSCI Canada ETF by 9.4% during 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 in the last quarter.

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).