EWY Stock Summary and Trading Ideas (iShares MSCI South Korea ETF | ARCA:EWY)

The iShares MSCI South Korea ETF seeks to provide investment results that correspond generally to the price and yield performance before fees and expenses of publicly traded securities in the South Korean market as measured by the MSCI Korea 25/50 Index.

iShares MSCI South Korea ETF trades on the ARCA stock market under the symbol EWY.

As of December 16, 2024, EWY stock price declined to $55.58 with 3,165,070 million shares trading.

EWY has a beta of 1.15, meaning it tends to be more sensitive to market movements. EWY has a correlation of 0.41 to the broad based SPY ETF.

EWY has a market cap of $3.78 billion. This is considered a Mid Cap stock.

In the last 3 years, EWY traded as high as $79.84 and as low as $47.19.

EWY has underperformed the market in the last year with a price return of -10.3% while the SPY ETF gained +30.5%. EWY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.2% and -3.2%, respectively, while the SPY returned +8.3% and +0.7%, respectively.

EWY support price is $55.08 and resistance is $56.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EWY shares will trade within this expected range on the day.