Investors Buy Large Volume of iShares iBoxx $ High Yield Corporate Bond ETF Put Options (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw unusually large options trading activity on Friday. Traders bought 633,473 put options on the stock. This is an increase of approximately 68% compared to the average volume of 377,006 put options.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 135.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,919 shares of the exchange traded fund’s stock valued at $308,000 after acquiring an additional 2,257 shares in the last quarter. Mittelman Wealth Management increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 287.6% during the 3rd quarter. Mittelman Wealth Management now owns 25,662 shares of the exchange traded fund’s stock valued at $2,061,000 after purchasing an additional 19,041 shares during the period. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 264.6% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 11,624 shares of the exchange traded fund’s stock valued at $914,000 after purchasing an additional 8,436 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 0.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 169,472 shares of the exchange traded fund’s stock valued at $13,551,000 after purchasing an additional 602 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 16.4% during the third quarter. Private Trust Co. NA now owns 5,503 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 775 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.1 %

HYG traded down $0.08 on Friday, reaching $78.87. 47,068,417 shares of the company traded hands, compared to its average volume of 35,706,723. The company has a market cap of $15.29 billion, a P/E ratio of 10.89 and a beta of 0.46. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.59 and a one year high of $80.37. The firm has a fifty day simple moving average of $79.50 and a two-hundred day simple moving average of $79.44.

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.