Investors Buy Large Volume of Put Options on iShares MSCI Canada ETF (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) was the target of unusually large options trading on Monday. Stock investors purchased 28,446 put options on the stock. This is an increase of 149% compared to the typical daily volume of 11,429 put options.

iShares MSCI Canada ETF Price Performance

Shares of EWC traded down $0.52 during midday trading on Monday, hitting $40.71. The stock had a trading volume of 9,525,962 shares, compared to its average volume of 2,874,333. The stock’s 50 day moving average is $41.30 and its 200 day moving average is $40.71. The firm has a market cap of $2.91 billion, a PE ratio of 14.59 and a beta of 0.90. iShares MSCI Canada ETF has a 1 year low of $35.05 and a 1 year high of $43.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EWC. Marshall Wace LLP grew its position in shares of iShares MSCI Canada ETF by 59.7% during the 2nd quarter. Marshall Wace LLP now owns 31,789 shares of the exchange traded fund’s stock worth $1,179,000 after buying an additional 11,889 shares in the last quarter. Sanctuary Advisors LLC bought a new position in iShares MSCI Canada ETF during the 2nd quarter worth about $201,000. Onyx Bridge Wealth Group LLC purchased a new position in iShares MSCI Canada ETF during the 3rd quarter valued at about $5,422,000. Whittier Trust Co. raised its holdings in shares of iShares MSCI Canada ETF by 38.7% in the 3rd quarter. Whittier Trust Co. now owns 1,682 shares of the exchange traded fund’s stock valued at $70,000 after purchasing an additional 469 shares in the last quarter. Finally, Community Financial Services Group LLC lifted its position in shares of iShares MSCI Canada ETF by 3.5% in the 3rd quarter. Community Financial Services Group LLC now owns 19,103 shares of the exchange traded fund’s stock worth $793,000 after purchasing an additional 638 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).