iShares MSCI South Korea ETF (NYSEARCA:EWY) Reaches New 12-Month Low – Here’s Why

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $52.57 and last traded at $52.78, with a volume of 2594350 shares changing hands. The stock had previously closed at $53.57.

iShares MSCI South Korea ETF Price Performance

The stock’s 50-day simple moving average is $58.81 and its two-hundred day simple moving average is $62.61. The firm has a market capitalization of $4.14 billion, a P/E ratio of 9.60 and a beta of 1.25.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Several large investors have recently made changes to their positions in EWY. Headlands Technologies LLC bought a new stake in shares of iShares MSCI South Korea ETF during the second quarter valued at approximately $29,000. Hara Capital LLC bought a new stake in iShares MSCI South Korea ETF in the 3rd quarter valued at $34,000. Farther Finance Advisors LLC lifted its stake in iShares MSCI South Korea ETF by 1,964.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 578 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 550 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in iShares MSCI South Korea ETF in the 2nd quarter worth $49,000. Finally, Prudential PLC bought a new position in shares of iShares MSCI South Korea ETF during the 2nd quarter valued at about $81,000.

About iShares MSCI South Korea ETF

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.