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

iShares MSCI Germany ETF (NYSEARCA:EWG) was the recipient of unusually large options trading activity on Monday. Traders bought 15,082 put options on the stock. This is an increase of 419% compared to the typical daily volume of 2,907 put options.

iShares MSCI Germany ETF Stock Down 2.6 %

NYSEARCA:EWG opened at $37.79 on Tuesday. The company’s 50 day moving average is $34.63 and its 200-day moving average is $33.26. iShares MSCI Germany ETF has a 12 month low of $29.27 and a 12 month high of $39.19. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 18.62 and a beta of 1.13.

Institutional Trading of iShares MSCI Germany ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EWG. Strategic Financial Concepts LLC boosted its holdings in iShares MSCI Germany ETF by 3,082.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,056,353 shares of the exchange traded fund’s stock valued at $33,613,000 after purchasing an additional 1,023,155 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of iShares MSCI Germany ETF by 132.3% in the fourth quarter. Ameriprise Financial Inc. now owns 732,785 shares of the exchange traded fund’s stock valued at $23,317,000 after buying an additional 417,382 shares during the period. Envestnet Asset Management Inc. grew its position in iShares MSCI Germany ETF by 3.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 266,926 shares of the exchange traded fund’s stock worth $8,494,000 after buying an additional 9,031 shares in the last quarter. Main Management ETF Advisors LLC grew its position in iShares MSCI Germany ETF by 14.2% during the third quarter. Main Management ETF Advisors LLC now owns 263,660 shares of the exchange traded fund’s stock worth $8,922,000 after buying an additional 32,865 shares in the last quarter. Finally, Optiver Holding B.V. increased its stake in iShares MSCI Germany ETF by 121.6% during the fourth quarter. Optiver Holding B.V. now owns 256,373 shares of the exchange traded fund’s stock valued at $8,158,000 after acquiring an additional 140,698 shares during the period.

About iShares MSCI Germany ETF

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