iShares MSCI China ETF Sees Unusually Large Options Volume (NASDAQ:MCHI)

iShares MSCI China ETF (NASDAQ:MCHI) was the target of some unusual options trading activity on Friday. Traders bought 53,423 call options on the stock. This is an increase of 1,653% compared to the average volume of 3,047 call options.

Hedge Funds Weigh In On iShares MSCI China ETF

A number of large investors have recently bought and sold shares of MCHI. Modera Wealth Management LLC bought a new stake in iShares MSCI China ETF during the third quarter worth about $30,000. Fortitude Family Office LLC acquired a new stake in shares of iShares MSCI China ETF in the 4th quarter valued at approximately $34,000. Signature Resources Capital Management LLC acquired a new stake in shares of iShares MSCI China ETF in the 4th quarter valued at approximately $40,000. Provence Wealth Management Group acquired a new position in iShares MSCI China ETF during the third quarter worth $51,000. Finally, Global Retirement Partners LLC raised its position in iShares MSCI China ETF by 28.2% during the first quarter. Global Retirement Partners LLC now owns 1,916 shares of the company’s stock worth $76,000 after acquiring an additional 421 shares in the last quarter.

iShares MSCI China ETF Price Performance

Shares of iShares MSCI China ETF stock opened at $44.77 on Friday. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 9.70 and a beta of 0.49. iShares MSCI China ETF has a one year low of $35.58 and a one year high of $49.94. The stock’s 50-day moving average is $40.14 and its 200-day moving average is $40.30.

iShares MSCI China ETF Company Profile

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.