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 on Friday. Investors acquired 557,372 put options on the stock. This is an increase of 88% compared to the average daily volume of 296,111 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock traded up $0.13 on Friday, reaching $79.45. 50,218,402 shares of the stock were exchanged, compared to its average volume of 33,240,457. The firm’s 50 day moving average is $79.41 and its 200-day moving average is $79.44. The firm has a market cap of $15.17 billion, a PE ratio of 16.45 and a beta of 0.46. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.59 and a one year high of $80.37.

Institutional Investors Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 135.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,919 shares of the exchange traded fund’s stock worth $308,000 after acquiring an additional 2,257 shares during the last quarter. Mittelman Wealth Management grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 287.6% during the third quarter. Mittelman Wealth Management now owns 25,662 shares of the exchange traded fund’s stock worth $2,061,000 after purchasing an additional 19,041 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 264.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 11,624 shares of the exchange traded fund’s stock valued at $914,000 after buying an additional 8,436 shares during the period. Private Trust Co. NA increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 16.4% in the third quarter. Private Trust Co. NA now owns 5,503 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 775 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 0.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 169,472 shares of the exchange traded fund’s stock valued at $13,551,000 after buying an additional 602 shares during the last quarter.

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.