Stock Traders Buy High 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 recipient of some unusual options trading on Friday. Stock investors bought 557,372 put options on the company. This represents an increase of approximately 88% compared to the typical daily volume of 296,111 put options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HYG. WR Wealth Planners LLC lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% during the 4th quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 132 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at about $79,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the third quarter valued at about $108,000. YANKCOM Partnership purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth about $109,000. Finally, Union Savings Bank acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth about $137,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA HYG opened at $79.45 on Friday. The firm has a market capitalization of $15.17 billion, a P/E ratio of 16.45 and a beta of 0.46. The stock has a 50-day simple moving average of $79.43 and a two-hundred day simple moving average of $79.44. iShares iBoxx $ High Yield Corporate Bond ETF has a fifty-two week low of $75.59 and a fifty-two week high of $80.37.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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.