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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the target of unusually large options trading on Wednesday. Traders bought 956,506 put options on the company. This is an increase of approximately 92% compared to the typical volume of 497,880 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

Shares of HYG stock traded down $0.01 on Wednesday, hitting $77.32. 51,987,510 shares of the stock traded hands, compared to its average volume of 38,295,601. The firm has a 50 day simple moving average of $78.82 and a two-hundred day simple moving average of $79.18. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 10.46 and a beta of 0.41. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $75.08 and a 52 week high of $80.37.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Several hedge funds have recently modified their holdings of HYG. WR Wealth Planners LLC grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% during the 4th quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 132 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at about $79,000. YANKCOM Partnership purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at about $109,000. Union Savings Bank purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at approximately $137,000. Finally, Providence First Trust Co acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at approximately $199,000.

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.