iShares iBoxx $ High Yield Corporate Bond ETF Target of Unusually Large Options Trading (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 815,767 put options on the stock. This is an increase of 68% compared to the typical daily volume of 485,928 put options.

Hedge Funds Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of HYG. JPMorgan Chase & Co. lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 255.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,234,868 shares of the exchange traded fund’s stock worth $825,442,000 after buying an additional 7,358,059 shares during the last quarter. BNP Paribas raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 296.1% during the second quarter. BNP Paribas now owns 4,535,242 shares of the exchange traded fund’s stock worth $365,767,000 after acquiring an additional 3,390,278 shares in the last quarter. Allstate Corp lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 823.6% in the third quarter. Allstate Corp now owns 3,083,249 shares of the exchange traded fund’s stock worth $250,329,000 after acquiring an additional 2,749,404 shares during the last quarter. Jump Financial LLC boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 335.3% in the 4th quarter. Jump Financial LLC now owns 720,900 shares of the exchange traded fund’s stock valued at $58,126,000 after purchasing an additional 1,027,275 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1,615.2% during the 2nd quarter. SG Americas Securities LLC now owns 430,874 shares of the exchange traded fund’s stock valued at $34,750,000 after purchasing an additional 405,753 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.2%

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $80.12 on Wednesday. The company has a market cap of $17.88 billion, a PE ratio of 10.79 and a beta of 0.41. The company has a 50 day moving average of $80.85 and a 200-day moving average of $80.76. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $75.08 and a 1-year high of $81.36.

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.