Investors Buy High Volume of Call Options on iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) saw unusually large options trading activity on Thursday. Traders acquired 16,053 call options on the company. This represents an increase of 3,143% compared to the average daily volume of 495 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IHI. IMC Chicago LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 100.0% in the first quarter. IMC Chicago LLC now owns 5,066 shares of the company’s stock valued at $270,000 after purchasing an additional 12,156,873 shares during the period. Morgan Stanley boosted its holdings in iShares U.S. Medical Devices ETF by 14.4% in the fourth quarter. Morgan Stanley now owns 3,440,023 shares of the company’s stock valued at $213,798,000 after purchasing an additional 432,620 shares during the period. Bank of America Corp DE boosted its holdings in iShares U.S. Medical Devices ETF by 19.1% in the second quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock valued at $121,208,000 after purchasing an additional 310,962 shares during the period. Foundations Investment Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at $17,761,000. Finally, BNP Paribas Financial Markets boosted its holdings in iShares U.S. Medical Devices ETF by 2,540.7% in the fourth quarter. BNP Paribas Financial Markets now owns 252,529 shares of the company’s stock valued at $15,695,000 after purchasing an additional 242,966 shares during the period.

iShares U.S. Medical Devices ETF Stock Up 0.5%

Shares of iShares U.S. Medical Devices ETF stock traded up $0.27 during mid-day trading on Thursday, reaching $49.44. 2,451,791 shares of the stock traded hands, compared to its average volume of 2,332,177. The business has a 50-day moving average of $52.17 and a 200 day moving average of $57.90. iShares U.S. Medical Devices ETF has a fifty-two week low of $47.37 and a fifty-two week high of $64.71. The stock has a market capitalization of $3.06 billion, a PE ratio of 30.76 and a beta of 0.86.

About iShares U.S. Medical Devices ETF

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.