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

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 28,131 put options on the stock. This represents an increase of approximately 186% compared to the typical volume of 9,827 put options.

iShares U.S. Home Construction ETF Trading Down 4.4 %

Shares of ITB stock traded down $4.65 during mid-day trading on Wednesday, reaching $100.66. The stock had a trading volume of 4,965,026 shares. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56. The company has a market cap of $2.56 billion, a P/E ratio of 11.56 and a beta of 1.41. The business has a 50-day simple moving average of $107.72 and a 200 day simple moving average of $116.11.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ITB. BNP Paribas Financial Markets boosted its stake in iShares U.S. Home Construction ETF by 25.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock worth $109,481,000 after buying an additional 173,654 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in iShares U.S. Home Construction ETF in the 3rd quarter worth about $63,042,000. Capital Asset Advisory Services LLC boosted its stake in iShares U.S. Home Construction ETF by 2.8% in the 4th quarter. Capital Asset Advisory Services LLC now owns 367,387 shares of the exchange traded fund’s stock worth $37,955,000 after buying an additional 9,934 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in iShares U.S. Home Construction ETF by 2.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 356,213 shares of the exchange traded fund’s stock worth $36,829,000 after buying an additional 9,488 shares during the last quarter. Finally, Empirical Asset Management LLC acquired a new stake in iShares U.S. Home Construction ETF in the 4th quarter worth about $24,537,000.

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.