iShares iBoxx $ High Yield Corporate Bond ETF Sees Unusually Large Options Volume (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw unusually large options trading activity on Wednesday. Investors bought 471,786 put options on the stock. This is an increase of 63% compared to the average volume of 288,654 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 1.5 %

HYG stock opened at $78.17 on Thursday. The business has a 50-day simple moving average of $79.50 and a 200 day simple moving average of $78.79. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $75.59 and a 52 week high of $80.37. The company has a market cap of $14.91 billion, a PE ratio of 9.60 and a beta of 0.36.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYG. Anfield Capital Management LLC increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 46.7% in the second quarter. Anfield Capital Management LLC now owns 465 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 148 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 1.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,885 shares of the exchange traded fund’s stock worth $1,597,000 after purchasing an additional 212 shares during the last quarter. Citizens & Northern Corp lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.5% in the 2nd quarter. Citizens & Northern Corp now owns 7,686 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 258 shares during the period. Rosenberg Matthew Hamilton boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 50.9% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 990 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 334 shares during the last quarter. Finally, Viewpoint Capital Management LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 2nd quarter valued at $28,000.

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.