Traders Purchase Large Volume of Put Options on iShares U.S. Home Construction ETF (BATS:ITB)

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

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB stock traded down $4.65 on Wednesday, hitting $100.66. 4,965,026 shares of the stock traded hands. The firm’s 50-day moving average price is $107.72 and its two-hundred day moving average price is $116.11. The stock has a market capitalization of $2.56 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56.

Institutional Trading of iShares U.S. Home Construction ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $28,000. Larson Financial Group LLC boosted its holdings in shares of iShares U.S. Home Construction ETF by 3,425.0% in the third quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 274 shares during the period. Blue Trust Inc. acquired a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at approximately $37,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at approximately $40,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $37,000.

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.