Stock Traders Buy High Volume of Call Options on iShares MSCI China ETF (NASDAQ:MCHI)

iShares MSCI China ETF (NASDAQ:MCHIGet Free Report) was the target of some unusual options trading activity on Monday. Traders purchased 39,104 call options on the stock. This represents an increase of approximately 754% compared to the average volume of 4,577 call options.

iShares MSCI China ETF Stock Up 1.6 %

Shares of iShares MSCI China ETF stock opened at $40.38 on Tuesday. iShares MSCI China ETF has a twelve month low of $35.58 and a twelve month high of $50.13. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 10.23 and a beta of 0.49. The company’s 50 day moving average is $38.85 and its 200 day moving average is $40.67.

Hedge Funds Weigh In On iShares MSCI China ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. purchased a new stake in shares of iShares MSCI China ETF during the 2nd quarter valued at about $28,000. Modera Wealth Management LLC purchased a new stake in shares of iShares MSCI China ETF in the 3rd quarter worth $30,000. Tower Research Capital LLC TRC raised its holdings in iShares MSCI China ETF by 80.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 698 shares of the company’s stock worth $31,000 after purchasing an additional 312 shares during the period. Fortitude Family Office LLC purchased a new stake in iShares MSCI China ETF in the fourth quarter worth about $34,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of iShares MSCI China ETF in the second quarter worth about $34,000.

About iShares MSCI China ETF

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iShares MSCI China ETF, formerly iShares MSCI China Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the MSCI China Index (the Underlying Index). The Fund is designed to measure the performance of the top 85% of equity securities by market capitalization in the Chinese equity markets.

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