Investors Buy High Volume of Call Options on iShares MSCI India ETF (BATS:INDA)

iShares MSCI India ETF (BATS:INDA) was the recipient of unusually large options trading activity on Friday. Traders acquired 16,060 call options on the stock. This represents an increase of approximately 171% compared to the typical volume of 5,932 call options.

Hedge Funds Weigh In On iShares MSCI India ETF

Several large investors have recently modified their holdings of INDA. Legal & General Group Plc purchased a new position in shares of iShares MSCI India ETF in the fourth quarter worth about $267,441,000. Geode Capital Management LLC grew its stake in iShares MSCI India ETF by 3,324.0% during the fourth quarter. Geode Capital Management LLC now owns 3,544,572 shares of the company’s stock valued at $186,586,000 after acquiring an additional 3,441,050 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in iShares MSCI India ETF during the third quarter valued at approximately $175,931,000. FMR LLC grew its stake in iShares MSCI India ETF by 887.5% during the fourth quarter. FMR LLC now owns 3,285,421 shares of the company’s stock valued at $172,945,000 after acquiring an additional 2,952,718 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in iShares MSCI India ETF by 79.0% during the fourth quarter. JPMorgan Chase & Co. now owns 6,639,889 shares of the company’s stock valued at $349,524,000 after acquiring an additional 2,929,690 shares in the last quarter.

iShares MSCI India ETF Price Performance

Shares of INDA traded up $0.52 during trading hours on Friday, hitting $51.45. The company’s stock had a trading volume of 3,905,108 shares, compared to its average volume of 4,998,253. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 22.55 and a beta of 0.75. The business has a 50 day simple moving average of $49.98 and a two-hundred day simple moving average of $53.62. iShares MSCI India ETF has a 52-week low of $47.60 and a 52-week 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.