iShares China Large-Cap ETF (NYSE:FXI) experienced a surge in options trading activity on Thursday, with investors purchasing 298,654 call options, a 42% increase from the typical daily volume. The stock opened at $29.16 on Friday, with a 12-month low of $20.86 and a high of $30.54.
Institutional investors, such as hedge fund Jane Street Group LLC, have shown interest in iShares China Large-Cap ETF, increasing their stake by 155.5% in the 1st quarter. With 45,179,878 shares owned, the firm now holds the stock as its 7th largest position, worth $1,087,480,000.
DailyBubble sees this increased options trading activity and institutional investment as a positive sign for iShares China Large-Cap ETF. It indicates growing confidence in the company’s performance and potential for future growth. Investors should keep an eye on this stock for potential opportunities.