Investors Purchase Large Volume of iShares iBoxx $ High Yield Corporate Bond ETF Put Options (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw unusually large options trading on Thursday. Traders acquired 419,090 put options on the stock. This is an increase of 45% compared to the average daily volume of 289,487 put options.

Institutional Investors Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HYG. Viewpoint Capital Management LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 2nd quarter valued at approximately $28,000. Anfield Capital Management LLC lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 46.7% in the second quarter. Anfield Capital Management LLC now owns 465 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 148 shares during the last quarter. Able Wealth Management LLC bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at about $39,000. Pathway Financial Advisers LLC acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 1st quarter worth about $41,000. Finally, American National Bank raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 13,150.0% in the 4th quarter. American National Bank now owns 530 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 526 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Up 0.2 %

Shares of HYG stock opened at $79.30 on Thursday. iShares iBoxx $ High Yield Corporate Bond ETF has a 12 month low of $71.68 and a 12 month high of $79.43. The company’s fifty day simple moving average is $78.41 and its 200-day simple moving average is $77.52. The firm has a market cap of $15.13 billion, a PE ratio of 9.60 and a beta of 0.36.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.