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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw unusually large options trading on Wednesday. Traders acquired 528,163 put options on the stock. This is an increase of 87% compared to the average daily volume of 282,924 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA HYG opened at $79.69 on Wednesday. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $75.59 and a 52 week high of $80.37. The stock’s 50 day moving average price is $79.22 and its two-hundred day moving average price is $79.30. The stock has a market capitalization of $15.20 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36.

Hedge Funds Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Several hedge funds have recently modified their holdings of the stock. Rebalance LLC increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 2.7% during the third quarter. Rebalance LLC now owns 91,790 shares of the exchange traded fund’s stock worth $7,371,000 after buying an additional 2,396 shares during the last quarter. Boyd Watterson Asset Management LLC OH grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 30.5% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 2,486 shares of the exchange traded fund’s stock valued at $200,000 after acquiring an additional 581 shares during the period. Arkadios Wealth Advisors grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 9.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 15,660 shares of the exchange traded fund’s stock valued at $1,258,000 after acquiring an additional 1,326 shares during the period. Amarillo National Bank increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.2% during the 3rd quarter. Amarillo National Bank now owns 190,961 shares of the exchange traded fund’s stock worth $15,334,000 after purchasing an additional 2,184 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.2% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 154,611 shares of the exchange traded fund’s stock valued at $12,415,000 after purchasing an additional 4,775 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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.