Stock Traders 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 Wednesday. Stock traders acquired 582,252 put options on the stock. This is an increase of approximately 48% compared to the average volume of 392,730 put options.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 4.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,118 shares of the exchange traded fund’s stock worth $249,000 after acquiring an additional 128 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 14.8% during the first quarter. Sound Income Strategies LLC now owns 1,068 shares of the exchange traded fund’s stock worth $85,000 after acquiring an additional 138 shares during the period. Washington Trust Advisors Inc. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 0.3% during the second quarter. Washington Trust Advisors Inc. now owns 63,034 shares of the exchange traded fund’s stock worth $5,041,000 after acquiring an additional 173 shares during the period. Aventus Investment Advisors Inc. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.5% during the third quarter. Aventus Investment Advisors Inc. now owns 14,949 shares of the exchange traded fund’s stock worth $1,154,000 after acquiring an additional 214 shares during the period. Finally, Manning & Napier Advisors LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.8% during the first quarter. Manning & Napier Advisors LLC now owns 6,483 shares of the exchange traded fund’s stock worth $516,000 after acquiring an additional 237 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.3%

Shares of NYSEARCA HYG traded down $0.22 during trading on Wednesday, reaching $76.87. 41,139,085 shares of the company traded hands, compared to its average volume of 43,126,090. The firm’s fifty day simple moving average is $78.69 and its 200 day simple moving average is $79.43. The stock has a market cap of $17.84 billion, a P/E ratio of 10.79 and a beta of 0.41. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $76.39 and a 12-month high of $81.33.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.