Unusual Dark Pool Trade In EAFE iShares MSCI $EFA ETF

  • Post category:Dark Pool Stocks
  • Reading time:4 mins read
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We detected an unusually large dark pool trade in the iShares MSCI ETF on October 13, 2022. The dark pool trade looks like a huge $303 million sell order.

Dark Pool Trade in iShares MSCI $EFA Stock

IShares EAFE MSCI stock chart with an unusually large dark pool trade on October 13, 2022.

It looks like market makers set the price of $EFA stock to $57.10 to execute the large block order sell without crashing the price of the ETF. The narrative emerges that a large institutional investors wanted to reduce exposure to the MSCI EAFE index due to bond market issues in the UK and Sweden spreading throughout the EU.

A third of developing markets have bonds at distress levels. Emerging market governments that borrowed heavily in dollars when interest rates were low are now facing a surge in refinancing costs, evoking flashbacks to Asia’s 1990s debt crisis and stoking fears of a default wave.

Make sure to review this lesson on dark pool trading so that you understand the chart above.

The MSCI EAFE Index includes: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the UK.

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EAFE Ishares MSCI ETF Technical Analysis

The EAFE MSCI ETF is in a technical strong downtrend. Long-term indicators support a continuation of the downtrend.

EAFE iShares MSCI ETF chart in downtrend with a neutral MACD and negative money, on October 13, 2022.
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