Traders Buy High Volume of iShares iBoxx $ Investment Grade Corporate Bond ETF Put Options (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of unusually large options trading on Monday. Investors purchased 104,641 put options on the stock. This represents an increase of 45% compared to the typical volume of 72,271 put options.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at $32,000. Jessup Wealth Management Inc acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at $33,000. Comprehensive Financial Planning Inc. PA grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% during the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 214 shares during the period. Finally, EQ Wealth Advisors LLC acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

LQD stock traded down $0.20 during trading on Monday, hitting $107.66. 31,145,122 shares of the company traded hands, compared to its average volume of 37,272,039. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $105.39 and a 1 year high of $112.93. The company has a market cap of $30.51 billion, a PE ratio of 32.25 and a beta of 0.44. The stock’s 50-day simple moving average is $109.10 and its 200 day simple moving average is $110.24.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.