Traders Buy High Volume of iShares MSCI Hong Kong ETF Call Options (NYSEARCA:EWH)

iShares MSCI Hong Kong ETF (NYSEARCA:EWH) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 16,909 call options on the company. This is an increase of approximately 3,467% compared to the average daily volume of 474 call options.

iShares MSCI Hong Kong ETF Stock Up 3.6 %

Shares of iShares MSCI Hong Kong ETF stock opened at $18.18 on Thursday. The stock has a market cap of $659.93 million, a P/E ratio of 15.46 and a beta of 0.50. iShares MSCI Hong Kong ETF has a 12-month low of $14.64 and a 12-month high of $20.36. The business’s 50 day moving average is $16.62 and its 200-day moving average is $17.07.

Institutional Investors Weigh In On iShares MSCI Hong Kong ETF

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Hong Kong ETF by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 157,525 shares of the exchange traded fund’s stock valued at $2,939,000 after acquiring an additional 11,689 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares MSCI Hong Kong ETF during the 4th quarter worth approximately $394,000. Pekin Hardy Strauss Inc. increased its holdings in shares of iShares MSCI Hong Kong ETF by 13.7% during the third quarter. Pekin Hardy Strauss Inc. now owns 49,815 shares of the exchange traded fund’s stock worth $930,000 after purchasing an additional 6,000 shares during the period. USA Financial Formulas acquired a new stake in shares of iShares MSCI Hong Kong ETF in the fourth quarter valued at approximately $150,000. Finally, Millburn Ridgefield Corp raised its position in shares of iShares MSCI Hong Kong ETF by 17.6% in the fourth quarter. Millburn Ridgefield Corp now owns 744,502 shares of the exchange traded fund’s stock valued at $12,403,000 after buying an additional 111,172 shares in the last quarter. Institutional investors own 50.59% of the company’s stock.

About iShares MSCI Hong Kong ETF

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (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 Hong Kong market, as measured by the MSCI Hong Kong Index (the Index).