iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Stock Sees Unusually High Put Option Buying

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw some unusual options trading activity on Wednesday. Investors bought 582,252 put options on the company. This is an increase of 48% compared to the average volume of 392,730 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.3%

HYG stock traded down $0.22 during trading on Wednesday, hitting $76.87. 41,139,085 shares of the company’s stock were exchanged, compared to its average volume of 43,126,090. The business has a 50-day moving average price of $78.69 and a two-hundred day moving average price of $79.43. The stock has a market capitalization of $17.84 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $76.39 and a 52-week high of $81.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth approximately $27,000. Sound Income Strategies LLC increased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 14.8% in the first quarter. Sound Income Strategies LLC now owns 1,068 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 138 shares during the period. SOA Wealth Advisors LLC. increased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 115.4% in the first quarter. SOA Wealth Advisors LLC. now owns 1,232 shares of the exchange traded fund’s stock valued at $98,000 after purchasing an additional 660 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the third quarter valued at approximately $154,000. Finally, Compass Financial Management LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the second quarter worth approximately $187,000.

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.