iShares U.S. Home Construction ETF Target of Unusually High Options Trading (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) saw unusually large options trading on Wednesday. Traders purchased 28,131 put options on the stock. This is an increase of 186% compared to the average volume of 9,827 put options.

iShares U.S. Home Construction ETF Stock Performance

iShares U.S. Home Construction ETF stock opened at $102.95 on Friday. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a fifty-two week low of $31.19 and a fifty-two week high of $46.56. The stock’s 50 day simple moving average is $107.02 and its two-hundred day simple moving average is $115.92.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

Hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC lifted its position in iShares U.S. Home Construction ETF by 5.3% during the third quarter. Valeo Financial Advisors LLC now owns 2,302 shares of the exchange traded fund’s stock worth $293,000 after buying an additional 115 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at $429,000. Creative Planning grew its stake in shares of iShares U.S. Home Construction ETF by 1.2% in the third quarter. Creative Planning now owns 25,202 shares of the exchange traded fund’s stock valued at $3,203,000 after buying an additional 289 shares in the last quarter. PFG Advisors grew its stake in shares of iShares U.S. Home Construction ETF by 3.7% in the third quarter. PFG Advisors now owns 17,548 shares of the exchange traded fund’s stock valued at $2,230,000 after buying an additional 622 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at $201,000.

iShares U.S. Home Construction ETF Company Profile

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.