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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of some unusual options trading activity on Friday. Stock investors acquired 471,298 put options on the company. This is an increase of 41% compared to the typical daily volume of 333,785 put options.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of HYG. Wetzel Investment Advisors Inc. acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth approximately $26,000. GoalVest Advisory LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth approximately $39,000. Able Wealth Management LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth approximately $39,000. Retirement Group LLC increased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 926.9% during the 4th quarter. Retirement Group LLC now owns 534 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 482 shares during the last quarter. Finally, Fairfield Bush & CO. acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter worth approximately $40,000.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.2 %

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $75.99 on Friday. The firm has a market capitalization of $15.24 billion, a PE ratio of 9.33 and a beta of 0.43. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $71.68 and a twelve month high of $78.08. The firm’s 50-day moving average price is $77.06 and its 200 day moving average price is $76.02.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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.