The $383.4 million EWQ holds 76 stocks and tracks the MSCI France Index. EWQ, which debuted in 1996, allocates 19.6% of its weight to industrial stocks and almost 19% to consumer discretionary names. Financial services and healthcare stocks combine for over a quarter of the ETF’s weight.
“Specifically, over the past 10 trading sessions, options traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have bought to open 2.18 puts for each call. What’s more, EWQ’s gamma-weighted Schaeffer’s put/call open interest ratio (SOIR) is docked at a top-heavy 1.65, meaning near-the-money puts almost double calls among options expiring in three months or less. Plus, put open interest on EWQ hit a 52-week peak of 7,401 contracts on Monday, and is currently docked just below here at 7,334,” according to Schaeffer’s.
EWQ has a three-year standard deviation of 14.1%.
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