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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of unusually large options trading activity on Thursday. Traders acquired 627,861 put options on the stock. This represents an increase of approximately 96% compared to the typical volume of 321,075 put options.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter worth $32,000. Triumph Capital Management purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth about $38,000. IFC & Insurance Marketing Inc. bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth about $81,000. Sound Income Strategies LLC grew its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 14.8% during the 1st quarter. Sound Income Strategies LLC now owns 1,068 shares of the exchange traded fund’s stock valued at $85,000 after buying an additional 138 shares in the last quarter. Finally, Basepoint Wealth LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at about $92,000.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.5%

Shares of NYSEARCA HYG traded down $0.36 during midday trading on Thursday, hitting $78.62. The company’s stock had a trading volume of 53,377,637 shares, compared to its average volume of 40,943,129. The stock has a fifty day moving average price of $79.52 and a 200 day moving average price of $79.78. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $78.57 and a one year high of $81.36. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 10.79 and a beta of 0.39.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.