Stock 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 recipient of unusually large options trading on Thursday. Investors acquired 627,861 put options on the company. This is an increase of approximately 96% compared to the typical daily volume of 321,075 put options.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 130.8% during the first quarter. NewEdge Advisors LLC now owns 17,128 shares of the exchange traded fund’s stock worth $1,351,000 after buying an additional 9,708 shares in the last quarter. Tolleson Wealth Management Inc. increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 15.7% in the second quarter. Tolleson Wealth Management Inc. now owns 7,259 shares of the exchange traded fund’s stock valued at $585,000 after buying an additional 987 shares during the period. Russell Investments Group Ltd. acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $1,603,000. Seven Mile Advisory bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth $297,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% in the third quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock worth $147,320,000 after acquiring an additional 282,574 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.0%

HYG opened at $78.60 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $78.57 and a 12-month high of $81.36. The business has a 50 day moving average of $79.50 and a 200-day moving average of $79.77. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 10.79 and a beta of 0.39.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.