Surge in Put Options for iShares MSCI Mexico ETF (NYSEARCA:EWW)

On November 2, 2024, options trading for the iShares MSCI Mexico ETF (NYSEARCA:EWW) experienced a notable spike. Investors purchased a significant total of 18,032 put options, representing an approximate 126% increase compared to the typical daily volume of around 7,965 put options.

Current Performance of iShares MSCI Mexico ETF

On the same day, shares of iShares MSCI Mexico ETF opened at $51.11. The ETF has a market capitalization of $1.56 billion and a price-to-earnings (PE) ratio of 13.53, along with a beta of 0.87, indicating less volatility compared to the market. Additionally, it has a 50-day simple moving average sitting at $53.54, and a 200-day simple moving average at $58.17. Over the past year, the ETF has seen its shares reach a low of $50.78 and a high of $71.12.

Changes in Institutional Positions

Recently, there have been several adjustments in positions held by hedge funds and institutional investors regarding the iShares MSCI Mexico ETF. Highline Wealth Partners LLC made a new investment valued at approximately $28,000 in the third quarter. Meanwhile, O’Shaughnessy Asset Management LLC acquired a new stake in the ETF during the first quarter, amounting to $74,000. Notably, Northwestern Mutual Wealth Management Co. significantly increased its holdings by 4,737.1% in the second quarter, bringing its total to 1,693 shares valued at $96,000 after purchasing an additional 1,658 shares in this period. Furthermore, Lowe Wealth Advisors LLC increased its stake by 16.2% in the second quarter and currently owns 1,848 shares worth about $105,000. Finally, Headlands Technologies LLC also established a new stake valued at approximately $188,000 during the same quarter.

Overview of iShares MSCI Mexico ETF

The iShares MSCI Mexico Capped ETF aims to provide investment outcomes that generally reflect the price and yield performance of the MSCI Mexico IMI 25/50 Index, which is primarily composed of stocks listed on the Mexican Stock Exchange. This ETF allows investors exposure to a diverse range of Mexican equities.

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options, investors, ETF