iShares MSCI China ETF Sees Unusually High Options Volume (NASDAQ:MCHI)

iShares MSCI China ETF (NASDAQ:MCHI) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 5,337 put options on the company. This is an increase of 96% compared to the typical volume of 2,727 put options.

iShares MSCI China ETF Stock Up 2.0 %

NASDAQ:MCHI traded up $0.83 during mid-day trading on Wednesday, hitting $41.56. 1,066,315 shares of the stock traded hands, compared to its average volume of 3,675,335. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. iShares MSCI China ETF has a 52 week low of $35.58 and a 52 week high of $49.94. The firm’s 50 day moving average is $43.22 and its two-hundred day moving average is $41.24.

iShares MSCI China ETF Announces Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a dividend of $0.1905 per share. The ex-dividend date was Tuesday, June 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IFG Advisory LLC purchased a new stake in iShares MSCI China ETF in the 2nd quarter worth approximately $759,000. Arkadios Wealth Advisors purchased a new stake in shares of iShares MSCI China ETF during the second quarter worth $258,000. Meitav Investment House Ltd. lifted its stake in iShares MSCI China ETF by 80.3% in the 2nd quarter. Meitav Investment House Ltd. now owns 2,861,866 shares of the company’s stock worth $120,663,000 after purchasing an additional 1,275,000 shares in the last quarter. AlphaQ Advisors LLC lifted its position in iShares MSCI China ETF by 9.4% during the second quarter. AlphaQ Advisors LLC now owns 26,407 shares of the company’s stock worth $1,114,000 after buying an additional 2,273 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of iShares MSCI China ETF by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 48,149 shares of the company’s stock valued at $2,030,000 after acquiring an additional 801 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.