iShares MSCI India ETF (BATS:INDA) Stock Sees Unusually High Put Option Buying

iShares MSCI India ETF (BATS:INDA) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 14,008 put options on the stock. This represents an increase of approximately 571% compared to the average volume of 2,088 put options.

iShares MSCI India ETF Stock Down 1.3%

BATS:INDA opened at $46.11 on Thursday. The company has a fifty day moving average of $48.86 and a 200 day moving average of $48.69. iShares MSCI India ETF has a 52 week low of $45.21 and a 52 week high of $55.50. The firm has a market capitalization of $8.01 billion, a P/E ratio of 25.20 and a beta of 0.48.

Hedge Funds Weigh In On iShares MSCI India ETF

A number of hedge funds have recently modified their holdings of INDA. Global Trust Asset Management LLC boosted its holdings in shares of iShares MSCI India ETF by 835.9% during the first quarter. Global Trust Asset Management LLC now owns 599 shares of the company’s stock worth $28,000 after purchasing an additional 535 shares during the period. GHP Investment Advisors Inc. increased its holdings in iShares MSCI India ETF by 123.7% during the 1st quarter. GHP Investment Advisors Inc. now owns 671 shares of the company’s stock valued at $31,000 after purchasing an additional 371 shares during the period. Western Wealth Management LLC bought a new position in iShares MSCI India ETF during the 1st quarter valued at approximately $31,000. Continuum Advisory LLC bought a new position in iShares MSCI India ETF during the 2nd quarter valued at approximately $51,000. Finally, Angeles Wealth Management LLC bought a new position in iShares MSCI India ETF during the 1st quarter valued at approximately $64,000.

About iShares MSCI India ETF

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.