Stock Traders Buy Large 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 target of unusually large options trading on Wednesday. Stock traders purchased 528,163 put options on the stock. This represents an increase of approximately 87% compared to the typical daily volume of 282,924 put options.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. WR Wealth Planners LLC raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% during the fourth quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 132 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth approximately $79,000. RPg Family Wealth Advisory LLC acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter worth approximately $108,000. YANKCOM Partnership acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth approximately $109,000. Finally, Rosenberg Matthew Hamilton increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 39.3% during the third quarter. Rosenberg Matthew Hamilton now owns 1,379 shares of the exchange traded fund’s stock worth $111,000 after buying an additional 389 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

HYG opened at $79.75 on Thursday. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $75.59 and a 52-week high of $80.37. The firm has a market capitalization of $15.22 billion, a PE ratio of 9.60 and a beta of 0.36. The business’s 50-day simple moving average is $79.21 and its 200 day simple moving average is $79.31.

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.