A Reversal for iShares MSCI Brazil Index (ETF) Is Not Near. Professional Options Traders Are Bullish

 A Reversal for iShares MSCI Brazil Index (ETF) Is Not Near. Professional Options Traders Are Bullish

In today’s session iShares MSCI Brazil Index (ETF) (EWZ) registered an unusually high (20,018) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious EWZ increase. With 20,018 contracts traded and 198974 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: EWZ161216C00035000 closed last at: $2.01 or 8.6% down. iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ) has risen 39.27% since April 5, 2016 and is uptrending. It has outperformed by 37.31% 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 $4.26 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: Fool.com which released: “3 Reasons iShares MSCI Brazil Index ETF Shares Could Rise” on August 24, 2014, 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: “Brazil’s Massive Stock Rally Will Probably End Soon” on August 04, 2016. More interesting news about iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ) were released by: Etfdailynews.com and their article: “BlackRock Sees Enormous Risk in Brazil Indexes Right Now” published on August 10, 2016 as well as Etfdailynews.com‘s news article titled: “Investors Are Hedging Their Bets on This Brazil ETF” with publication date: August 23, 2016.

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