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

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of unusually large options trading activity on Friday. Stock investors bought 53,423 call options on the company. This is an increase of approximately 1,653% compared to the typical daily volume of 3,047 call options.

iShares MSCI China ETF Price Performance

Shares of NASDAQ:MCHI opened at $44.77 on Friday. The company has a 50 day moving average of $40.24 and a 200-day moving average of $40.31. iShares MSCI China ETF has a one year low of $35.58 and a one year high of $49.94. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 9.70 and a beta of 0.49.

Institutional Investors Weigh In On iShares MSCI China ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in shares of iShares MSCI China ETF in the 1st quarter valued at about $45,000. Greenwood Capital Associates LLC acquired a new position in iShares MSCI China ETF during the first quarter valued at approximately $1,822,000. Yousif Capital Management LLC increased its holdings in shares of iShares MSCI China ETF by 8.9% in the first quarter. Yousif Capital Management LLC now owns 149,145 shares of the company’s stock worth $5,926,000 after acquiring an additional 12,200 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new position in iShares MSCI China ETF in the first quarter valued at approximately $265,000. Finally, Simplex Trading LLC boosted its holdings in shares of iShares MSCI China ETF by 173.7% in the first quarter. Simplex Trading LLC now owns 54,535 shares of the company’s stock valued at $2,166,000 after buying an additional 34,612 shares during the period.

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.