iShares U.S. Medical Devices ETF Target of Unusually High Options Trading (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 35,176 put options on the company. This is an increase of 324% compared to the typical daily volume of 8,287 put options.

Institutional Trading of iShares U.S. Medical Devices ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Modus Advisors LLC bought a new stake in iShares U.S. Medical Devices ETF during the fourth quarter worth $30,000. Scarborough Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF during the 1st quarter worth $32,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF during the 4th quarter worth $35,000. RMG Wealth Management LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the 1st quarter worth $35,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the 1st quarter worth $53,000.

iShares U.S. Medical Devices ETF Price Performance

Shares of NYSEARCA:IHI traded down $0.35 during midday trading on Thursday, hitting $51.43. 1,390,956 shares of the company’s stock were exchanged, compared to its average volume of 2,518,941. iShares U.S. Medical Devices ETF has a 12 month low of $47.37 and a 12 month high of $64.71. The company has a market cap of $3.46 billion, a PE ratio of 30.76 and a beta of 0.81. The stock has a 50 day moving average price of $53.31 and a 200-day moving average price of $52.23.

iShares U.S. Medical Devices ETF Company Profile

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.