Stock Traders Buy Large Volume of Put Options on iShares U.S. Transportation ETF (BATS:IYT)

iShares U.S. Transportation ETF (BATS:IYT) was the target of unusually large options trading on Thursday. Stock investors bought 3,032 put options on the stock. This is an increase of approximately 1,123% compared to the typical daily volume of 248 put options.

iShares U.S. Transportation ETF Price Performance

IYT traded up $1.27 during trading on Thursday, reaching $87.86. The company had a trading volume of 133,958 shares, compared to its average volume of 812,290. The company has a market cap of $887.39 million, a P/E ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a 12 month low of $66.28 and a 12 month high of $88.74. The business’s fifty day moving average price is $83.65 and its 200 day moving average price is $79.80.

Institutional Investors Weigh In On iShares U.S. Transportation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IYT. BNP Paribas Financial Markets grew its stake in shares of iShares U.S. Transportation ETF by 205,850.0% during the 4th quarter. BNP Paribas Financial Markets now owns 350,115 shares of the exchange traded fund’s stock worth $26,087,000 after acquiring an additional 349,945 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of iShares U.S. Transportation ETF by 1,296.9% in the third quarter. Two Sigma Investments LP now owns 273,800 shares of the exchange traded fund’s stock worth $19,634,000 after purchasing an additional 254,200 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in iShares U.S. Transportation ETF by 60.1% during the fourth quarter. Wells Fargo & Company MN now owns 359,247 shares of the exchange traded fund’s stock worth $26,767,000 after purchasing an additional 134,924 shares during the last quarter. Millennium Management LLC bought a new position in iShares U.S. Transportation ETF in the fourth quarter valued at $8,338,000. Finally, Hudson Bay Capital Management LP bought a new position in iShares U.S. Transportation ETF in the third quarter valued at $7,058,000.

About iShares U.S. Transportation ETF

iShares Transportation Average ETF (the Fund), formerly iShares Dow Jones Transportation Average Index Fund, is an exchange-traded fund (ETF). The Fund seek investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index. The Index measures the performance of the transportation sector of the United States equity market, and includes companies in the primary groups, such as airlines, trucking, railroads, air freight, transportation services and industrial services.