iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Unusually-High Trading Volume – What’s Next?

iShares MSCI Spain ETF (NYSEARCA:EWP) saw unusually-strong trading volume on Thursday . Approximately 2,410,336 shares changed hands during trading, an increase of 953% from the previous session’s volume of 228,883 shares.The stock last traded at $35.25 and had previously closed at $34.91.

iShares MSCI Spain ETF Price Performance

The stock has a market cap of $1.10 billion, a PE ratio of 12.75 and a beta of 0.76. The stock has a 50-day moving average price of $32.45 and a two-hundred day moving average price of $33.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its position in iShares MSCI Spain ETF by 1,603.8% in the third quarter. FMR LLC now owns 1,806 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 1,700 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of iShares MSCI Spain ETF during the fourth quarter valued at approximately $61,000. Creative Financial Designs Inc. ADV purchased a new position in shares of iShares MSCI Spain ETF during the third quarter valued at approximately $81,000. Global Retirement Partners LLC purchased a new position in shares of iShares MSCI Spain ETF during the fourth quarter valued at approximately $88,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of iShares MSCI Spain ETF during the fourth quarter valued at approximately $185,000.

iShares MSCI Spain ETF Company Profile

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index 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 Spanish market, as measured by the MSCI Spain Index (the Index).