iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Gap Up – What’s Next?

iShares MSCI South Korea ETF (NYSEARCA:EWY) shares gapped up prior to trading on Friday . The stock had previously closed at $51.12, but opened at $52.55. iShares MSCI South Korea ETF shares last traded at $52.60, with a volume of 226,856 shares traded.

iShares MSCI South Korea ETF Trading Up 3.4 %

The company has a market cap of $4.20 billion, a PE ratio of 9.60 and a beta of 1.25. The firm has a 50 day moving average of $56.14 and a two-hundred day moving average of $61.50.

Institutional Trading of iShares MSCI South Korea ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of iShares MSCI South Korea ETF in the second quarter worth $29,000. Hara Capital LLC purchased a new position in iShares MSCI South Korea ETF in the 3rd quarter worth about $34,000. Farther Finance Advisors LLC lifted its stake in iShares MSCI South Korea ETF by 1,964.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 578 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 550 shares during the period. Prudential PLC purchased a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter valued at about $81,000. Finally, Edgestream Partners L.P. bought a new stake in shares of iShares MSCI South Korea ETF in the second quarter worth approximately $203,000.

About iShares MSCI South Korea ETF

iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange.