Traders Purchase High Volume of iShares U.S. Medical Devices ETF Put Options (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) saw unusually large options trading on Monday. Traders bought 20,198 put options on the company. This represents an increase of 524% compared to the average volume of 3,237 put options.

Institutional Investors Weigh In On iShares U.S. Medical Devices ETF

A number of large investors have recently added to or reduced their stakes in IHI. IMC Chicago LLC increased its position in iShares U.S. Medical Devices ETF by 100.0% during the 1st quarter. IMC Chicago LLC now owns 5,066 shares of the company’s stock worth $270,000 after purchasing an additional 12,156,873 shares in the last quarter. Annex Advisory Services LLC purchased a new position in iShares U.S. Medical Devices ETF in the 2nd quarter valued at about $33,602,000. Morgan Stanley boosted its stake in shares of iShares U.S. Medical Devices ETF by 14.4% during the 4th quarter. Morgan Stanley now owns 3,440,023 shares of the company’s stock worth $213,798,000 after purchasing an additional 432,620 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of iShares U.S. Medical Devices ETF by 19.1% during the 2nd quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock worth $121,208,000 after purchasing an additional 310,962 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth about $17,761,000.

iShares U.S. Medical Devices ETF Price Performance

iShares U.S. Medical Devices ETF stock traded up $0.53 during trading hours on Monday, hitting $54.91. The stock had a trading volume of 1,005,078 shares, compared to its average volume of 2,539,726. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 30.76 and a beta of 0.81. iShares U.S. Medical Devices ETF has a 1-year low of $47.37 and a 1-year high of $64.71. The stock’s fifty day moving average is $50.75 and its two-hundred day moving average is $53.48.

About iShares U.S. Medical Devices ETF

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.