Traders Buy Large Volume of Put Options on iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw unusually large options trading on Friday. Traders bought 561,308 put options on the company. This is an increase of 63% compared to the typical daily volume of 345,299 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.0%

Shares of NYSEARCA:HYG traded down $0.03 during mid-day trading on Friday, reaching $77.86. The stock had a trading volume of 56,600,629 shares, compared to its average volume of 41,344,762. The business’s 50 day moving average price is $79.27 and its 200 day moving average price is $79.64. The company has a market cap of $15.33 billion, a P/E ratio of 10.79 and a beta of 0.39. iShares iBoxx $ High Yield Corporate Bond ETF has a 1 year low of $77.67 and a 1 year high of $81.33.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 0.3% during the second quarter. Washington Trust Advisors Inc. now owns 63,034 shares of the exchange traded fund’s stock valued at $5,041,000 after purchasing an additional 173 shares during the period. Compass Financial Management LLC purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the second quarter valued at about $187,000. Aventus Investment Advisors Inc. acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 2nd quarter worth approximately $1,178,000. Continuum Advisory LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the second quarter valued at $133,000. Finally, First PREMIER Bank increased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 449.2% in the second quarter. First PREMIER Bank now owns 15,899 shares of the exchange traded fund’s stock valued at $1,271,000 after purchasing an additional 13,004 shares during the period.

About iShares iBoxx $ High Yield Corporate Bond ETF

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.