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 Wednesday. Stock investors purchased 10,199 call options on the company. This represents an increase of approximately 92% compared to the average volume of 5,299 call options.

iShares MSCI India ETF Trading Up 7.7%

Shares of BATS INDA traded up $3.94 during trading on Wednesday, reaching $54.87. 3,905,108 shares of the company traded hands, compared to its average volume of 5,842,331. iShares MSCI India ETF has a 12-month low of $47.60 and a 12-month high of $59.49. The firm’s fifty day simple moving average is $53.66 and its 200 day simple moving average is $53.84. The stock has a market cap of $9.53 billion, a P/E ratio of 25.20 and a beta of 0.48.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INDA. Atlantic Union Bankshares Corp acquired a new stake in iShares MSCI India ETF in the 3rd quarter valued at approximately $25,000. Ramirez Asset Management Inc. acquired a new position in iShares MSCI India ETF during the first quarter worth $26,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in iShares MSCI India ETF during the third quarter worth $26,000. Ravenswood Partners LP acquired a new stake in shares of iShares MSCI India ETF during the third quarter valued at $27,000. Finally, Centricity Wealth Management LLC purchased a new position in iShares MSCI India ETF during the second quarter worth about $31,000.

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.