Stock Traders Buy High Volume of Put Options on iShares MSCI Canada ETF (NYSEARCA:EWC)

iShares MSCI Canada ETF (NYSEARCA:EWC) was the target of some unusual options trading activity on Monday. Investors purchased 28,446 put options on the company. This represents an increase of approximately 149% compared to the average daily volume of 11,429 put options.

Institutional Investors Weigh In On iShares MSCI Canada ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voya Financial Advisors Inc. increased its stake in iShares MSCI Canada ETF by 4.5% in the third quarter. Voya Financial Advisors Inc. now owns 7,903 shares of the exchange traded fund’s stock valued at $328,000 after purchasing an additional 342 shares in the last quarter. Richardson Financial Services Inc. lifted its position in shares of 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 purchasing an additional 374 shares during the period. Whittier Trust Co. increased its stake in iShares MSCI Canada ETF by 38.7% during 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. Rosenberg Matthew Hamilton boosted its holdings in shares of iShares MSCI Canada ETF by 20.9% in the third quarter. Rosenberg Matthew Hamilton now owns 3,023 shares of the exchange traded fund’s stock worth $126,000 after buying an additional 523 shares during the last quarter. Finally, Community Financial Services Group LLC raised its position in shares of iShares MSCI Canada ETF by 3.5% during the third quarter. Community Financial Services Group LLC now owns 19,103 shares of the exchange traded fund’s stock valued at $793,000 after buying an additional 638 shares during the last quarter.

iShares MSCI Canada ETF Stock Performance

Shares of NYSEARCA:EWC opened at $40.58 on Tuesday. The stock’s 50-day moving average is $41.25 and its 200-day moving average is $40.73. 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 $2.90 billion, a P/E ratio of 14.59 and a beta of 0.90.

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).