iShares iBoxx $ High Yield Corporate Bond ETF Sees Unusually Large Options Volume (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw some unusual options trading on Friday. Stock investors acquired 633,473 put options on the company. This is an increase of approximately 68% compared to the typical daily volume of 377,006 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.1 %

Shares of NYSEARCA:HYG traded down $0.08 during trading on Friday, reaching $78.87. The stock had a trading volume of 47,068,417 shares, compared to its average volume of 35,706,723. The firm’s 50-day simple moving average is $79.50 and its 200 day simple moving average is $79.44. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.59 and a one year high of $80.37. The company has a market capitalization of $15.29 billion, a P/E ratio of 10.89 and a beta of 0.46.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of HYG. Private Trust Co. NA lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 16.4% during the 3rd quarter. Private Trust Co. NA now owns 5,503 shares of the exchange traded fund’s stock valued at $442,000 after purchasing an additional 775 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter valued at about $108,000. Ironwood Investment Counsel LLC raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 5.5% in the third quarter. Ironwood Investment Counsel LLC now owns 21,636 shares of the exchange traded fund’s stock valued at $1,737,000 after buying an additional 1,133 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 62.9% in the third quarter. Integrated Wealth Concepts LLC now owns 40,987 shares of the exchange traded fund’s stock worth $3,291,000 after acquiring an additional 15,823 shares in the last quarter. Finally, IHT Wealth Management LLC grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 129.6% during the third quarter. IHT Wealth Management LLC now owns 17,279 shares of the exchange traded fund’s stock worth $1,385,000 after acquiring an additional 9,752 shares during the last quarter.

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.