iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares MSCI Australia ETF (NYSEARCA:EWA) saw an uptick in trading volume on Wednesday . 2,293,247 shares changed hands during mid-day trading, an increase of 78% from the previous session’s volume of 1,291,964 shares.The stock last traded at $24.26 and had previously closed at $24.22.

iShares MSCI Australia ETF Stock Performance

The stock has a 50-day moving average price of $25.25 and a 200-day moving average price of $25.40.

Hedge Funds Weigh In On iShares MSCI Australia ETF

Large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in iShares MSCI Australia ETF in the 3rd quarter valued at about $34,000. Headlands Technologies LLC purchased a new stake in shares of iShares MSCI Australia ETF during the second quarter valued at approximately $64,000. Angeles Wealth Management LLC bought a new stake in iShares MSCI Australia ETF during the third quarter worth $108,000. Rosenberg Matthew Hamilton boosted its position in iShares MSCI Australia ETF by 16.3% in the third quarter. Rosenberg Matthew Hamilton now owns 4,651 shares of the exchange traded fund’s stock worth $126,000 after purchasing an additional 651 shares during the last quarter. Finally, Modera Wealth Management LLC bought a new position in iShares MSCI Australia ETF in the 3rd quarter valued at $219,000. Institutional investors own 59.69% of the company’s stock.

About iShares MSCI Australia ETF

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index).