Investors Buy Large Volume of Put Options on iShares U.S. Home Construction ETF (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of some unusual options trading on Wednesday. Traders bought 17,896 put options on the company. This represents an increase of 34% compared to the average daily volume of 13,402 put options.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in shares of iShares U.S. Home Construction ETF by 56.8% in the first quarter. BNP Paribas Financial Markets now owns 1,714,182 shares of the exchange traded fund’s stock worth $198,451,000 after buying an additional 621,078 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at approximately $61,246,000. Strategic Financial Concepts LLC purchased a new stake in iShares U.S. Home Construction ETF during the second quarter worth $157,000. Hollencrest Capital Management boosted its holdings in iShares U.S. Home Construction ETF by 61,853.2% during the first quarter. Hollencrest Capital Management now owns 154,883 shares of the exchange traded fund’s stock worth $17,931,000 after buying an additional 154,633 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new position in iShares U.S. Home Construction ETF in the second quarter valued at $15,159,000.

iShares U.S. Home Construction ETF Trading Up 0.8 %

Shares of iShares U.S. Home Construction ETF stock traded up $1.01 on Wednesday, hitting $125.73. 1,797,254 shares of the company traded hands. The stock’s 50 day moving average price is $116.26 and its 200-day moving average price is $109.79. The company has a market cap of $3.19 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56.

About iShares U.S. Home Construction ETF

iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index). The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes.