Stock Traders Purchase Large Volume of Put Options on iShares MSCI United Kingdom ETF (NYSEARCA:EWU)

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the target of unusually large options trading on Wednesday. Traders purchased 10,045 put options on the company. This is an increase of 1,183% compared to the typical volume of 783 put options.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. bought a new position in shares of iShares MSCI United Kingdom ETF during the 4th quarter worth approximately $25,000. Orion Capital Management LLC bought a new position in shares of iShares MSCI United Kingdom ETF during the 4th quarter worth approximately $27,000. Wayfinding Financial LLC bought a new position in shares of iShares MSCI United Kingdom ETF during the 1st quarter worth approximately $34,000. Founders Financial Alliance LLC bought a new position in shares of iShares MSCI United Kingdom ETF during the 1st quarter worth approximately $50,000. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of iShares MSCI United Kingdom ETF during the 1st quarter worth approximately $55,000. 58.38% of the stock is owned by institutional investors.

iShares MSCI United Kingdom ETF Stock Up 0.5%

Shares of EWU opened at $39.82 on Friday. The stock has a market capitalization of $3.05 billion, a P/E ratio of 15.42 and a beta of 0.83. iShares MSCI United Kingdom ETF has a twelve month low of $32.76 and a twelve month high of $40.78. The company has a 50 day moving average of $39.33 and a 200-day moving average of $37.03.

About iShares MSCI United Kingdom ETF

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.