iShares iBoxx $ High Yield Corporate Bond ETF Target of Unusually High Options Trading (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the target of unusually large options trading on Friday. Stock traders bought 387,977 put options on the stock. This represents an increase of approximately 33% compared to the typical volume of 290,790 put options.

Institutional Investors Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Several institutional investors have recently made changes to their positions in HYG. Loomis Sayles & Co. L P increased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2,933.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,903,830 shares of the exchange traded fund’s stock valued at $313,478,000 after purchasing an additional 3,775,150 shares in the last quarter. BNP Paribas increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 2,083.1% in the third quarter. BNP Paribas now owns 2,820,701 shares of the exchange traded fund’s stock valued at $226,502,000 after buying an additional 2,691,493 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 50.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,842,486 shares of the exchange traded fund’s stock worth $147,952,000 after acquiring an additional 614,400 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 528.9% in the 2nd quarter. Toronto Dominion Bank now owns 682,340 shares of the exchange traded fund’s stock worth $52,636,000 after acquiring an additional 573,840 shares during the period. Finally, Money Design Co. Ltd. purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $20,068,000.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

Shares of NYSEARCA HYG opened at $79.46 on Friday. The stock has a fifty day moving average price of $79.22 and a 200 day moving average price of $79.04. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $75.59 and a 1-year high of $80.37. The company has a market cap of $15.16 billion, a PE ratio of 9.60 and a beta of 0.36.

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.