Investors Buy High Volume of iShares iBoxx $ High Yield Corporate Bond ETF Put Options (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 471,786 put options on the company. This represents an increase of approximately 63% compared to the average volume of 288,654 put options.

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

HYG opened at $78.09 on Friday. The company’s 50 day moving average is $79.48 and its 200-day moving average is $78.79. The company has a market cap of $14.90 billion, a P/E ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $75.59 and a 1-year high of $80.37.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Viewpoint Capital Management LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the second quarter valued at about $28,000. Anfield Capital Management LLC raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 46.7% in the 2nd quarter. Anfield Capital Management LLC now owns 465 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 148 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 50.9% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 990 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 334 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth approximately $108,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 77.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,473 shares of the exchange traded fund’s stock valued at $114,000 after acquiring an additional 641 shares during the period.

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.