Traders Purchase High Volume of Call Options on iShares MSCI India ETF (BATS:INDA)

iShares MSCI India ETF (BATS:INDA) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 21,426 call options on the company. This represents an increase of approximately 355% compared to the average daily volume of 4,712 call options.

Institutional Trading of iShares MSCI India ETF

Several institutional investors and hedge funds have recently made changes to their positions in INDA. JPMorgan Chase & Co. raised its position in iShares MSCI India ETF by 97.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,518,409 shares of the company’s stock worth $418,625,000 after purchasing an additional 3,702,760 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of iShares MSCI India ETF by 2,067.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 6,929,746 shares of the company’s stock valued at $385,848,000 after buying an additional 6,610,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of iShares MSCI India ETF by 44.8% in the second quarter. Geode Capital Management LLC now owns 4,541,678 shares of the company’s stock worth $252,881,000 after buying an additional 1,405,731 shares during the period. Man Group plc increased its holdings in shares of iShares MSCI India ETF by 17.8% in the third quarter. Man Group plc now owns 4,424,910 shares of the company’s stock worth $230,361,000 after buying an additional 669,410 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of iShares MSCI India ETF by 10.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,215,575 shares of the company’s stock valued at $234,723,000 after acquiring an additional 406,176 shares during the last quarter.

iShares MSCI India ETF Trading Up 1.6%

INDA stock opened at $51.76 on Wednesday. The company’s 50 day moving average is $53.82 and its 200 day moving average is $53.61. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48. iShares MSCI India ETF has a 1-year low of $47.60 and a 1-year high of $59.49.

About iShares MSCI India ETF

The iShares MSCI India ETF (INDA) is an exchange-traded fund that is based on the MSCI India index, a market-cap-weighted index of the top 85% of firms in the Indian securities market. INDA was launched on Feb 2, 2012 and is managed by BlackRock.