iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Unusually-High Trading Volume – What’s Next?

iShares MSCI Australia ETF (NYSEARCA:EWA) shares saw an uptick in trading volume on Wednesday . 2,293,247 shares changed hands during mid-day trading, an increase of 78% from the previous session’s volume of 1,291,964 shares.The stock last traded at $24.26 and had previously closed at $24.22.

iShares MSCI Australia ETF Stock Performance

The company’s fifty day moving average price is $25.29 and its two-hundred day moving average price is $25.41.

Institutional Trading of iShares MSCI Australia ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in iShares MSCI Australia ETF in the third quarter valued at about $34,000. Headlands Technologies LLC bought a new position in iShares MSCI Australia ETF during the 2nd quarter worth approximately $64,000. Angeles Wealth Management LLC acquired a new position in iShares MSCI Australia ETF during the third quarter valued at approximately $108,000. Rosenberg Matthew Hamilton increased its stake in iShares MSCI Australia ETF by 16.3% in the third quarter. Rosenberg Matthew Hamilton now owns 4,651 shares of the exchange traded fund’s stock valued at $126,000 after purchasing an additional 651 shares in the last quarter. Finally, Lunt Capital Management Inc. acquired a new stake in iShares MSCI Australia ETF in the third quarter worth $219,000. 59.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Australia ETF Company Profile

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