iShares MSCI China ETF Target of Unusually High Options Trading (NASDAQ:MCHI)

iShares MSCI China ETF (NASDAQ:MCHI) saw some unusual options trading activity on Thursday. Stock traders purchased 5,220 call options on the stock. This is an increase of 54% compared to the typical volume of 3,392 call options.

iShares MSCI China ETF Price Performance

Shares of MCHI stock opened at $49.46 on Friday. The company has a market capitalization of $6.22 billion, a P/E ratio of 10.76 and a beta of 0.49. The company’s 50-day simple moving average is $47.98 and its two-hundred day simple moving average is $44.79. iShares MSCI China ETF has a one year low of $35.58 and a one year high of $59.78.

Hedge Funds Weigh In On iShares MSCI China ETF

A number of hedge funds have recently added to or reduced their stakes in MCHI. Vanguard Group Inc. lifted its position in shares of iShares MSCI China ETF by 31.5% in the 1st quarter. Vanguard Group Inc. now owns 51,055 shares of the company’s stock worth $2,028,000 after purchasing an additional 12,235 shares during the period. Private Advisor Group LLC lifted its position in iShares MSCI China ETF by 13.7% during the third quarter. Private Advisor Group LLC now owns 13,834 shares of the company’s stock valued at $704,000 after acquiring an additional 1,665 shares during the last quarter. Blue Trust Inc. lifted its position in iShares MSCI China ETF by 137.6% during the third quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock valued at $167,000 after acquiring an additional 1,895 shares during the last quarter. Cetera Investment Advisers lifted its position in iShares MSCI China ETF by 65.8% during the first quarter. Cetera Investment Advisers now owns 71,113 shares of the company’s stock valued at $2,825,000 after acquiring an additional 28,226 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in iShares MSCI China ETF by 512.5% during the first quarter. SG Americas Securities LLC now owns 47,313 shares of the company’s stock valued at $1,880,000 after acquiring an additional 39,588 shares during the last quarter.

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.