Stock Traders Buy Large Volume of iShares U.S. Home Construction ETF Put Options (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) was the target of some unusual options trading activity on Tuesday. Traders purchased 13,678 put options on the stock. This is an increase of 290% compared to the average volume of 3,510 put options.

iShares U.S. Home Construction ETF Price Performance

iShares U.S. Home Construction ETF stock traded up $3.00 during midday trading on Tuesday, reaching $100.98. The company had a trading volume of 622,825 shares, compared to its average volume of 2,599,561. The firm’s fifty day simple moving average is $96.65 and its 200-day simple moving average is $98.65. iShares U.S. Home Construction ETF has a 12-month low of $84.98 and a 12-month high of $118.00. The company has a market capitalization of $2.32 billion, a P/E ratio of 10.18 and a beta of 1.31.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in iShares U.S. Home Construction ETF by 20.5% in the 1st quarter. Bank of America Corp DE now owns 6,962,234 shares of the exchange traded fund’s stock valued at $630,430,000 after buying an additional 1,182,332 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in iShares U.S. Home Construction ETF by 102.9% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,704,500 shares of the exchange traded fund’s stock valued at $164,143,000 after purchasing an additional 864,500 shares during the period. MKP Capital Management L.L.C. acquired a new position in iShares U.S. Home Construction ETF in the fourth quarter valued at about $37,538,000. Raymond James Financial Inc. boosted its position in shares of iShares U.S. Home Construction ETF by 329.7% during the 3rd quarter. Raymond James Financial Inc. now owns 440,063 shares of the exchange traded fund’s stock worth $47,197,000 after purchasing an additional 337,660 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter worth $28,890,000.

About iShares U.S. Home Construction ETF

iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index). The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.