Investors Buy High Volume of Call Options on iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 16,053 call options on the company. This is an increase of approximately 3,143% compared to the average volume of 495 call options.

iShares U.S. Medical Devices ETF Price Performance

NYSEARCA:IHI traded up $0.27 during trading hours on Thursday, hitting $49.44. 2,451,791 shares of the company were exchanged, compared to its average volume of 2,332,177. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 30.76 and a beta of 0.86. iShares U.S. Medical Devices ETF has a 52-week low of $47.37 and a 52-week high of $64.71. The company’s 50 day moving average price is $52.17 and its 200-day moving average price is $57.90.

Institutional Trading of iShares U.S. Medical Devices ETF

Hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of iShares U.S. Medical Devices ETF by 107.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of iShares U.S. Medical Devices ETF by 740.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock valued at $25,000 after purchasing an additional 370 shares during the period. FWL Investment Management LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 4th quarter valued at $29,000. Finally, Group One Trading LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 2nd quarter valued at $29,000.

iShares U.S. Medical Devices ETF Company Profile

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.