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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the target of unusually large options trading activity on Thursday. Traders acquired 419,090 put options on the company. This is an increase of 45% compared to the average daily volume of 289,487 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $79.41 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $71.68 and a 52 week high of $79.49. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. The firm has a fifty day moving average of $78.45 and a two-hundred day moving average of $77.53.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 528.9% in the second quarter. Toronto Dominion Bank now owns 682,340 shares of the exchange traded fund’s stock valued at $52,636,000 after purchasing an additional 573,840 shares in the last quarter. NYL Investors LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 6.8% in the 4th quarter. NYL Investors LLC now owns 8,312,500 shares of the exchange traded fund’s stock valued at $643,304,000 after buying an additional 532,000 shares in the last quarter. SG Americas Securities LLC raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 9,507.1% during the 2nd quarter. SG Americas Securities LLC now owns 504,755 shares of the exchange traded fund’s stock worth $38,937,000 after buying an additional 499,501 shares during the period. Prime Capital Investment Advisors LLC raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 384.3% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 187,052 shares of the exchange traded fund’s stock worth $14,429,000 after buying an additional 148,428 shares during the period. Finally, Allstate Corp lifted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 6.0% during the first quarter. Allstate Corp now owns 1,581,525 shares of the exchange traded fund’s stock worth $122,932,000 after acquiring an additional 89,667 shares in 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.