iShares MSCI Hong Kong ETF Target of Unusually Large Options Trading (NYSEARCA:EWH)

iShares MSCI Hong Kong ETF (NYSEARCA:EWH) saw some unusual options trading activity on Wednesday. Investors bought 16,909 call options on the company. This is an increase of 3,467% compared to the average volume of 474 call options.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its stake in iShares MSCI Hong Kong ETF by 884.1% in the third quarter. Citigroup Inc. now owns 7,943,387 shares of the exchange traded fund’s stock valued at $148,224,000 after purchasing an additional 7,136,219 shares during the period. Tradewinds Capital Management LLC acquired a new position in iShares MSCI Hong Kong ETF in the 4th quarter valued at about $19,521,000. Elo Mutual Pension Insurance Co raised its stake in iShares MSCI Hong Kong ETF by 257.8% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 804,498 shares of the exchange traded fund’s stock valued at $13,403,000 after acquiring an additional 579,633 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in iShares MSCI Hong Kong ETF by 17.6% during the 4th quarter. Catalyst Capital Advisors LLC now owns 744,502 shares of the exchange traded fund’s stock valued at $12,403,000 after acquiring an additional 111,172 shares during the last quarter. Finally, Millburn Ridgefield Corp lifted its position in iShares MSCI Hong Kong ETF by 17.6% during the 4th quarter. Millburn Ridgefield Corp now owns 744,502 shares of the exchange traded fund’s stock worth $12,403,000 after acquiring an additional 111,172 shares during the period. Institutional investors and hedge funds own 50.59% of the company’s stock.

iShares MSCI Hong Kong ETF Stock Performance

EWH stock traded up $0.63 during midday trading on Wednesday, reaching $18.18. 6,493,831 shares of the company were exchanged, compared to its average volume of 3,451,817. The stock’s 50-day simple moving average is $16.62 and its 200 day simple moving average is $17.07. iShares MSCI Hong Kong ETF has a 1-year low of $14.64 and a 1-year high of $20.36. The company has a market cap of $659.75 million, a price-to-earnings ratio of 15.46 and a beta of 0.50.

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).