Stock Traders Purchase Large Volume of Put Options on iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) saw unusually large options trading activity on Monday. Investors acquired 65,071 put options on the company. This is an increase of 3,699% compared to the average volume of 1,713 put options.

iShares U.S. Medical Devices ETF Trading Down 0.6%

Shares of IHI stock traded down $0.30 on Monday, hitting $50.73. The stock had a trading volume of 2,456,925 shares, compared to its average volume of 2,402,723. iShares U.S. Medical Devices ETF has a twelve month low of $47.37 and a twelve month high of $64.71. The company has a fifty day moving average price of $50.19 and a two-hundred day moving average price of $55.82. The firm has a market cap of $3.14 billion, a P/E ratio of 30.76 and a beta of 0.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 22.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,345 shares of the company’s stock valued at $562,000 after purchasing an additional 1,710 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in iShares U.S. Medical Devices ETF by 46.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock worth $25,710,000 after purchasing an additional 135,927 shares in the last quarter. Russell Investments Group Ltd. increased its stake in iShares U.S. Medical Devices ETF by 15.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock worth $82,000 after purchasing an additional 177 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in iShares U.S. Medical Devices ETF by 16.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 158,077 shares of the company’s stock worth $9,902,000 after buying an additional 22,052 shares during the period. Finally, Jane Street Group LLC raised its holdings in iShares U.S. Medical Devices ETF by 188.6% during the 2nd quarter. Jane Street Group LLC now owns 55,569 shares of the company’s stock worth $3,481,000 after buying an additional 36,312 shares during the period.

About iShares U.S. Medical Devices ETF

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.