Will iShares MSCI Spain Capped ETF Go Down Anytime Soon? Option Trader Doubt That

 Will iShares MSCI Spain Capped ETF Go Down Anytime Soon? Option Trader Doubt That

In today’s session iShares MSCI Spain Capped ETF (EWP) registered an unusually high (308) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious EWP increase. With 308 contracts traded and 164 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: EWP161021C00027000 closed last at: $0.35 or 12.5% down. iShares MSCI Spain Capped ETF (NYSEARCA:EWP) has declined 6.43% since March 14, 2016 and is downtrending. It has underperformed by 12.05% the S&P500.

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index Fund, is an exchange-traded fund. The ETF has a market cap of $565.66 million. 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 . It currently has negative earnings. The Index seeks to measure the performance of the Spanish equity market.

EWP Company Profile

iShares MSCI Spain 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 Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish 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 Spain Capped ETF (NYSEARCA:EWP) news were published by: Seekingalpha.com which released: “Spain Is The Next Greece – Avoid EWP” on July 01, 2015, also Investorplace.com with their article: “3 Big Stock Charts for Thursday: Chevron Corporation (CVX), Intel Corporation …” published on March 10, 2016, Etftrends.com published: “iShares Expanding Line of Currency-Hedged ETFs” on April 14, 2015. More interesting news about iShares MSCI Spain Capped ETF (NYSEARCA:EWP) were released by: Seekingalpha.com and their article: “Spain looks to end political deadlock” published on August 19, 2016 as well as Etftrends.com‘s news article titled: “10 ETFs Hit the Hardest in ‘Brexit’ Fallout” with publication date: June 24, 2016.

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