iShares MSCI South Korea ETF (NYSEARCA:EWY) Sets New 1-Year Low – What’s Next?

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) hit a new 52-week low on Thursday . The stock traded as low as $51.89 and last traded at $51.89, with a volume of 3677 shares traded. The stock had previously closed at $52.71.

iShares MSCI South Korea ETF Stock Performance

The firm has a market capitalization of $4.09 billion, a PE ratio of 9.60 and a beta of 1.25. The company has a fifty day simple moving average of $57.12 and a two-hundred day simple moving average of $61.99.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

Hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter worth $29,000. Hara Capital LLC purchased a new stake in iShares MSCI South Korea ETF in the third quarter valued at about $34,000. Farther Finance Advisors LLC raised its stake in iShares MSCI South Korea ETF by 1,964.3% in the third quarter. Farther Finance Advisors LLC now owns 578 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 550 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in iShares MSCI South Korea ETF in the second quarter valued at about $49,000. Finally, Prudential PLC purchased a new stake in iShares MSCI South Korea ETF in the second quarter valued at about $81,000.

iShares MSCI South Korea ETF Company Profile

iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). 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). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange.