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

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of some unusual options trading activity on Monday. Stock investors purchased 55,526 call options on the company. This is an increase of 4,792% compared to the average daily volume of 1,135 call options.

iShares MSCI China ETF Stock Performance

MCHI stock opened at $60.87 on Tuesday. iShares MSCI China ETF has a one year low of $43.70 and a one year high of $67.37. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. The firm has a 50-day simple moving average of $63.13 and a two-hundred day simple moving average of $60.41.

Institutional Trading of iShares MSCI China ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Financial Life Planners purchased a new position in iShares MSCI China ETF during the third quarter worth approximately $26,000. Bogart Wealth LLC acquired a new stake in shares of iShares MSCI China ETF in the 2nd quarter worth $28,000. Allworth Financial LP raised its holdings in shares of iShares MSCI China ETF by 1,087.0% during the 2nd quarter. Allworth Financial LP now owns 546 shares of the company’s stock worth $30,000 after acquiring an additional 500 shares during the period. Elequin Capital LP purchased a new position in shares of iShares MSCI China ETF during the 1st quarter worth $31,000. Finally, JPL Wealth Management LLC acquired a new position in shares of iShares MSCI China ETF during the 3rd quarter valued at about $34,000.

About iShares MSCI China ETF

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.