iShares China Large-Cap ETF Target of Unusually High Options Trading (NYSEARCA:FXI)

iShares China Large-Cap ETF (NYSEARCA:FXI) was the target of some unusual options trading activity on Thursday. Investors bought 403,878 call options on the company. This represents an increase of approximately 96% compared to the average volume of 205,603 call options.

iShares China Large-Cap ETF Trading Up 5.7 %

FXI stock traded up $1.47 during trading hours on Thursday, hitting $27.15. 96,617,853 shares of the stock were exchanged, compared to its average volume of 45,428,066. The company has a 50-day simple moving average of $24.22 and a two-hundred day simple moving average of $24.12. The firm has a market capitalization of $4.89 billion, a P/E ratio of 8.31 and a beta of 0.99. iShares China Large-Cap ETF has a 12 month low of $20.86 and a 12 month high of $30.54.

Hedge Funds Weigh In On iShares China Large-Cap ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Banque Pictet & Cie SA acquired a new position in shares of iShares China Large-Cap ETF in the 3rd quarter valued at approximately $836,000. Syon Capital LLC bought a new stake in iShares China Large-Cap ETF during the third quarter worth $474,000. Hsbc Holdings PLC boosted its holdings in shares of iShares China Large-Cap ETF by 10.4% in the 3rd quarter. Hsbc Holdings PLC now owns 355,405 shares of the exchange traded fund’s stock valued at $9,521,000 after purchasing an additional 33,611 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of iShares China Large-Cap ETF in the 4th quarter valued at $1,997,000. Finally, Hillcrest Wealth Advisors NY LLC increased its stake in shares of iShares China Large-Cap ETF by 46.6% in the 4th quarter. Hillcrest Wealth Advisors NY LLC now owns 48,650 shares of the exchange traded fund’s stock valued at $1,169,000 after purchasing an additional 15,475 shares during the last quarter.

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.