Stock Traders Purchase Large Volume of Call Options on iShares MSCI India ETF (BATS:INDA)

iShares MSCI India ETF (BATS:INDA) was the target of some unusual options trading activity on Friday. Traders purchased 16,060 call options on the stock. This represents an increase of approximately 171% compared to the average volume of 5,932 call options.

iShares MSCI India ETF Stock Up 1.0 %

INDA traded up $0.52 during midday trading on Friday, hitting $51.45. 3,905,108 shares of the company traded hands, compared to its average volume of 4,998,253. The company’s 50-day moving average is $49.98 and its 200 day moving average is $53.62. iShares MSCI India ETF has a 52 week low of $47.60 and a 52 week high of $59.49. The firm has a market capitalization of $8.76 billion, a PE ratio of 22.55 and a beta of 0.75.

Hedge Funds Weigh In On iShares MSCI India ETF

A number of institutional investors and hedge funds have recently made changes to their positions in INDA. Caprock Group LLC boosted its holdings in shares of iShares MSCI India ETF by 4.5% in the third quarter. Caprock Group LLC now owns 18,734 shares of the company’s stock worth $1,097,000 after buying an additional 803 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in shares of iShares MSCI India ETF by 11.6% in the third quarter. Prospera Financial Services Inc now owns 29,935 shares of the company’s stock worth $1,752,000 after buying an additional 3,115 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of iShares MSCI India ETF by 43.6% in the third quarter. Avior Wealth Management LLC now owns 14,816 shares of the company’s stock worth $867,000 after buying an additional 4,500 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of iShares MSCI India ETF in the third quarter worth approximately $121,000. Finally, Jennison Associates LLC purchased a new position in shares of iShares MSCI India ETF in the third quarter worth approximately $64,771,000.

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.