Investors Buy Large Volume of Put Options on iShares China Large-Cap ETF (NYSEARCA:FXI)

iShares China Large-Cap ETF (NYSEARCA:FXI) was the recipient of some unusual options trading on Thursday. Traders bought 449,139 put options on the stock. This represents an increase of 39% compared to the typical daily volume of 323,101 put options.

iShares China Large-Cap ETF Stock Performance

Shares of FXI stock traded up $0.09 during mid-day trading on Friday, hitting $30.04. 4,513,737 shares of the stock traded hands, compared to its average volume of 47,280,805. iShares China Large-Cap ETF has a twelve month low of $20.86 and a twelve month high of $37.50. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 8.31 and a beta of 0.99. The company’s 50-day simple moving average is $30.77 and its 200-day simple moving average is $28.01.

Hedge Funds Weigh In On iShares China Large-Cap ETF

A number of hedge funds have recently modified their holdings of the stock. M&R Capital Management Inc. acquired a new position in iShares China Large-Cap ETF in the 3rd quarter worth about $32,000. ORG Partners LLC acquired a new position in shares of iShares China Large-Cap ETF during the 3rd quarter worth about $32,000. Asset Dedication LLC acquired a new position in iShares China Large-Cap ETF during the 2nd quarter valued at $39,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares China Large-Cap ETF in the 2nd quarter worth approximately $39,000. Finally, Centennial Bank AR acquired a new position in shares of iShares China Large-Cap ETF in the 3rd quarter worth approximately $48,000.

About iShares China Large-Cap ETF

iShares China Large-Cap ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index (the Underlying Index). The Fund’s portfolio of sectors include Financials, Telecommunication, Oil & gas, Technology and Consumer goods.