Traders Buy Large Volume of iShares MSCI India ETF Put Options (BATS:INDA)
by Mitch Edgeman · The Markets DailyiShares MSCI India ETF (BATS:INDA – Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 10,423 put options on the company. This represents an increase of 273% compared to the average volume of 2,794 put options.
iShares MSCI India ETF Price Performance
Shares of INDA stock traded down $0.15 during trading hours on Tuesday, reaching $49.43. 2,326,132 shares of the company’s stock were exchanged, compared to its average volume of 7,555,006. iShares MSCI India ETF has a 1 year low of $45.21 and a 1 year high of $55.50. The company has a market cap of $8.58 billion, a P/E ratio of 25.20 and a beta of 0.48. The company’s 50 day moving average is $49.23 and its two-hundred day moving average is $49.48.
Hedge Funds Weigh In On iShares MSCI India ETF
Large investors have recently made changes to their positions in the stock. Ravenswood Partners LP purchased a new stake in iShares MSCI India ETF during the third quarter worth $27,000. Assetmark Inc. raised its stake in shares of iShares MSCI India ETF by 121.6% during the 4th quarter. Assetmark Inc. now owns 543 shares of the company’s stock worth $29,000 after buying an additional 298 shares during the last quarter. Global Trust Asset Management LLC raised its stake in shares of iShares MSCI India ETF by 835.9% during the 1st quarter. Global Trust Asset Management LLC now owns 599 shares of the company’s stock worth $28,000 after buying an additional 535 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of iShares MSCI India ETF in the 1st quarter worth about $31,000. Finally, Asset Dedication LLC acquired a new stake in iShares MSCI India ETF in the 4th quarter valued at about $36,000.
iShares MSCI India ETF Company Profile
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.