Stock Traders Purchase Large Volume of iShares MSCI China ETF Call Options (NASDAQ:MCHI)

by · The Markets Daily

iShares MSCI China ETF (NASDAQ:MCHI – Get Free Report) was the target of some unusual options trading activity on Monday. Investors bought 55,526 call options on the company. This is an increase of 4,792% compared to the typical volume of 1,135 call options.

Institutional Investors Weigh In On iShares MSCI China ETF

Several hedge funds have recently modified their holdings of the stock. Financial Life Planners purchased a new position in iShares MSCI China ETF during the 3rd quarter worth $26,000. Bogart Wealth LLC purchased a new position in iShares MSCI China ETF during the second quarter worth about $28,000. Allworth Financial LP raised its holdings in iShares MSCI China ETF by 1,087.0% during the second quarter. Allworth Financial LP now owns 546 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Elequin Capital LP acquired a new stake in iShares MSCI China ETF in the first quarter valued at about $31,000. Finally, JPL Wealth Management LLC purchased a new stake in iShares MSCI China ETF in the 3rd quarter valued at approximately $34,000.

iShares MSCI China ETF Stock Down 1.1%

MCHI traded down $0.65 on Monday, hitting $60.87. 2,347,928 shares of the company traded hands, compared to its average volume of 2,956,853. iShares MSCI China ETF has a 12-month low of $43.70 and a 12-month high of $67.37. The company has a 50 day moving average of $63.25 and a 200-day moving average of $60.36. The stock has a market capitalization of $7.80 billion, a PE ratio of 13.11 and a beta of 0.26.

About iShares MSCI China ETF

(Get Free Report)

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.

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