iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Large Volume Increase – What’s Next?

iShares MSCI Australia ETF (NYSEARCA:EWA) shares saw an uptick in trading volume on Wednesday . 2,293,247 shares changed hands during mid-day trading, an increase of 78% from the previous session’s volume of 1,291,964 shares.The stock last traded at $24.26 and had previously closed at $24.22.

iShares MSCI Australia ETF Trading Up 0.5 %

The stock’s 50-day moving average is $25.29 and its two-hundred day moving average is $25.41.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EWA. Wilmington Savings Fund Society FSB purchased a new position in iShares MSCI Australia ETF in the third quarter valued at $34,000. Headlands Technologies LLC acquired a new stake in iShares MSCI Australia ETF in the 2nd quarter valued at about $64,000. Angeles Wealth Management LLC purchased a new position in shares of iShares MSCI Australia ETF in the 3rd quarter valued at about $108,000. Rosenberg Matthew Hamilton grew its position in shares of iShares MSCI Australia ETF by 16.3% during the third quarter. Rosenberg Matthew Hamilton now owns 4,651 shares of the exchange traded fund’s stock worth $126,000 after buying an additional 651 shares in the last quarter. Finally, Lunt Capital Management Inc. purchased a new stake in shares of iShares MSCI Australia ETF during the third quarter worth approximately $219,000. Institutional investors and hedge funds own 59.69% of the company’s stock.

About iShares MSCI Australia ETF

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index).