In today’s session iShares MSCI EAFE Index Fund (ETF) (EFA) registered an unusually high (28,000) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious EFA increase. With 28,000 contracts traded and 3424 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: EFA161118C00057000 closed last at: $2.85 or 7.5% up. iShares MSCI EAFE Index Fund (ETF) (NYSEARCA:EFA) has risen 7.16% since March 1, 2016 and is uptrending. It has underperformed by 2.08% the S&P500.
iShares MSCI EAFE ETF, formerly iShares MSCI EAFE Index Fund , is an exchange-traded fund. The ETF has a market cap of $59.50 billion. The Fund’s investment objective is to seek investment results that correspond to the price and yield performance of its underlying index, MSCI EAFE Index (the Index). It currently has negative earnings. The Index has been developed by MSCI Inc. as an equity benchmark for its international stock performance.
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