A Reversal for iShares MSCI South Korea Index Fund(ETF) Is Not Near. Professional Options Traders Are Bearish

 A Reversal for iShares MSCI South Korea Index Fund(ETF) Is Not Near. Professional Options Traders Are Bearish

In today’s session iShares MSCI South Korea Index Fund(ETF) (EWY) recorded an unusually high (1,003) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious EWY decrease. With 1,003 contracts traded and 1114 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: EWY161216P00054000 closed last at: $1.31 or 41% down. The ETF decreased 1.18% or $0.63 on November 23, hitting $52.8. iShares MSCI South Korea Index Fund(ETF) (NYSEARCA:EWY) has declined 0.15% since April 22, 2016 and is downtrending. It has underperformed by 5.56% the S&P500.

iShares MSCI South Korea Capped ETF is an exchange-traded fund (ETF). The ETF has a market cap of $3.16 billion. 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). It currently has negative earnings. The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange.

EWY Company Profile

iShares MSCI South Korea 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 South Korean market. The Fund’s performance is measured by the MSCI Korea Index (the Index).

More important recent iShares MSCI South Korea Index Fund(ETF) (NYSEARCA:EWY) news were published by: Etfdailynews.com which released: “Samsung’s Plunge is Hitting Korean ETFs Hard” on September 15, 2016, also Marketwatch.com published article titled: “iShares MSCI South Korea Capped ETF”, Seekingalpha.com published: “Emerging Markets: Investment In South Korea, A Market With Characteristics …” on October 18, 2016. More interesting news about iShares MSCI South Korea Index Fund(ETF) (NYSEARCA:EWY) was released by: Benzinga.com and their article: “Direxion Rolls Out Leveraged Brazil, South Korea ETFs” with publication date: April 10, 2013.

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