Major Move Is Coming For iShares MSCI Brazil Index (ETF) After Bullish Options Activity

 Major Move Is Coming For iShares MSCI Brazil Index (ETF) After Bullish Options Activity

In today’s session iShares MSCI Brazil Index (ETF) (EWZ) registered an unusually high (7,776) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious EWZ increase. With 7,776 contracts traded and 171184 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: EWZ161021C00034000 closed last at: $2.06 or 21.9% up. iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ) has risen 41.93% since March 14, 2016 and is uptrending. It has outperformed by 36.32% the S&P500.

iShares MSCI Brazil Capped Index Fund , formerly iShares MSCI Brazil Index 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 Brazilian market, as measured by the MSCI Brazil Index (the Index). The ETF has a market cap of $4.29 billion. The Index seeks to measure the performance of the Brazilian equity market. It currently has negative earnings. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.

EWZ Company Profile

iShares MSCI Brazil Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Brazilian market, as measured by the MSCI Brazil Index (the Index). The Index seeks to measure the performance of the Brazilian equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion in the Index. The Index is reviewed quarterly.

More notable recent iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ) news were published by: Etfdailynews.com which released: “Brazil’s Massive Stock Rally Will Probably End Soon” on August 04, 2016, also Etfdailynews.com with their article: “IMF Says Brazil Needs Major Reforms Now, or Recession Will Continue” published on September 30, 2016, Etfdailynews.com published: “BlackRock Sees Enormous Risk in Brazil Indexes Right Now” on August 10, 2016. More interesting news about iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ) were released by: Etfdailynews.com and their article: “Investors Are Hedging Their Bets on This Brazil ETF” published on August 23, 2016 as well as Etfdailynews.com‘s news article titled: “Brazil’s Stock Market Has Gone Up for 8 Weeks Straight” with publication date: August 05, 2016.

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