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 April 24, 2024, EWY stock price climbed to $63.16 with 2,053,071 million shares trading.

EWY has a beta of 1.36, meaning it tends to be more sensitive to market movements. EWY has a correlation of 0.55 to the broad based SPY ETF.

EWY has a market cap of $5.01 billion. This is considered a Mid Cap stock.

In the last 3 years, EWY stock traded as high as $94.86 and as low as $47.19.

EWY stock has underperformed the market in the last year with a return of +6.0%, while SPY returned +24.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EWY shares. However, EWY has outperformed the market in the last 3 month and 2 week periods, returning +6.8% and -0.3%, while SPY returned +4.5% and -1.7%, respectively. This indicates EWY has been having a stronger performance recently.

EWY support price is $62.02 and resistance is $63.96 (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 stock will trade within this expected range on the day.