Stock Traders Buy High Volume of iShares U.S. Home Construction ETF Put Options (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) saw unusually large options trading on Thursday. Traders bought 23,269 put options on the company. This represents an increase of 171% compared to the average volume of 8,581 put options.

iShares U.S. Home Construction ETF Stock Down 4.1 %

BATS ITB traded down $4.53 during trading on Thursday, hitting $106.15. 3,303,116 shares of the stock traded hands. The company has a market capitalization of $2.70 billion, a P/E ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56. The firm has a 50-day simple moving average of $120.48 and a 200-day simple moving average of $116.00.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in iShares U.S. Home Construction ETF by 25.3% in the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock worth $109,481,000 after buying an additional 173,654 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of iShares U.S. Home Construction ETF during the third quarter valued at approximately $63,042,000. Axxcess Wealth Management LLC boosted its holdings in iShares U.S. Home Construction ETF by 2.5% during the 2nd quarter. Axxcess Wealth Management LLC now owns 417,932 shares of the exchange traded fund’s stock valued at $42,236,000 after acquiring an additional 10,173 shares during the period. Strategic Financial Concepts LLC purchased a new position in iShares U.S. Home Construction ETF in the 2nd quarter worth about $157,000. Finally, Mirae Asset Securities USA Inc. purchased a new position in shares of iShares U.S. Home Construction ETF in the 2nd quarter valued at $15,159,000.

About iShares U.S. Home Construction ETF

iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index). The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes.