Investors Purchase Large Volume of iShares China Large-Cap ETF Call Options (NYSE:FXI)

The iShares China Large-Cap ETF (NYSE: FXI) saw a surge in options trading on Friday, with investors acquiring 236,873 call options, a 58% increase from the typical volume. This indicates a bullish sentiment towards the company.

On Friday, FXI stock opened at $27.22, with a 12-month low of $20.86 and a high of $30.54. The fifty-day simple moving average is $26.97, showing stable performance.

In terms of institutional activity, hedge funds have been active in trading FXI shares. Verity Asset Management Inc. increased its position in the company by 33.5% in the 1st quarter. Other institutions like Comerica Bank, Bourgeon Capital Management LLC, Cetera Advisors LLC, and Fiduciary Alliance LLC also made moves in FXI shares.

Overall, the iShares China Large-Cap ETF seems to be attracting attention from both individual and institutional investors, signaling potential growth opportunities in the Chinese market.

DailyBubble sees this increased options trading and institutional activity as a positive sign for the iShares China Large-Cap ETF, indicating growing confidence in the company’s performance and potential for future growth. Investors should keep an eye on this ETF for potential opportunities in the Chinese market.