iShares U.S. Medical Devices ETF Target of Unusually High Options Trading (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) saw some unusual options trading on Thursday. Stock traders purchased 35,176 put options on the stock. This is an increase of 324% compared to the typical volume of 8,287 put options.

iShares U.S. Medical Devices ETF Trading Down 0.7%

Shares of IHI traded down $0.35 on Thursday, reaching $51.43. 1,390,956 shares of the company’s stock traded hands, compared to its average volume of 2,518,941. The stock’s 50 day simple moving average is $53.31 and its two-hundred day simple moving average is $52.23. The stock has a market cap of $3.46 billion, a PE ratio of 30.76 and a beta of 0.81. iShares U.S. Medical Devices ETF has a 52-week low of $47.37 and a 52-week high of $64.71.

Institutional Investors Weigh In On iShares U.S. Medical Devices ETF

A number of hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in iShares U.S. Medical Devices ETF by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 658,740 shares of the company’s stock valued at $32,548,000 after buying an additional 4,089 shares during the period. Anchor Investment Management LLC raised its position in iShares U.S. Medical Devices ETF by 4.5% in the second quarter. Anchor Investment Management LLC now owns 116,624 shares of the company’s stock worth $5,762,000 after acquiring an additional 5,009 shares during the period. Tidal Investments LLC purchased a new position in iShares U.S. Medical Devices ETF in the second quarter valued at about $2,114,000. Integrated Wealth Concepts LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the 2nd quarter valued at approximately $465,000. Finally, NewEdge Advisors LLC grew its position in shares of iShares U.S. Medical Devices ETF by 21.4% during the 2nd quarter. NewEdge Advisors LLC now owns 75,655 shares of the company’s stock valued at $3,738,000 after acquiring an additional 13,341 shares during the period.

iShares U.S. Medical Devices ETF Company Profile

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.