Investors Buy High Volume of Put Options on Ishares MSCI India ETF (NASDAQ:INDA)

Ishares MSCI India ETF (NASDAQ:INDA) was the recipient of unusually large options trading on Monday. Stock traders acquired 10,407 put options on the stock. This represents an increase of 1,933% compared to the typical volume of 512 put options.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. purchased a new position in Ishares MSCI India ETF during the second quarter worth approximately $228,000. Puplava Financial Services Inc. purchased a new position in Ishares MSCI India ETF during the second quarter worth approximately $265,000. Teacher Retirement System of Texas raised its position in Ishares MSCI India ETF by 59.6% in the second quarter. Teacher Retirement System of Texas now owns 14,944 shares of the company’s stock worth $480,000 after buying an additional 5,578 shares during the period. IFP Advisors Inc raised its position in Ishares MSCI India ETF by 78.1% in the second quarter. IFP Advisors Inc now owns 17,506 shares of the company’s stock worth $562,000 after buying an additional 7,679 shares during the period. Finally, Adell Harriman & Carpenter Inc. purchased a new position in Ishares MSCI India ETF during the second quarter worth approximately $724,000.

Shares of Ishares MSCI India ETF (NASDAQ INDA) opened at 34.83 on Monday. The firm’s 50-day moving average price is $33.15 and its 200 day moving average price is $31.43. Ishares MSCI India ETF has a 1-year low of $25.79 and a 1-year high of $34.90.