iShares iBoxx $ Investment Grade Corporate Bond ETF Sees Unusually High Options Volume (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw some unusual options trading on Monday. Investors purchased 186,523 put options on the stock. This is an increase of 90% compared to the average volume of 98,012 put options.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

iShares iBoxx $ Investment Grade Corporate Bond ETF stock traded down $0.52 during midday trading on Monday, reaching $102.88. The company’s stock had a trading volume of 9,455,652 shares, compared to its average volume of 33,026,145. The stock’s 50-day simple moving average is $104.53 and its 200-day simple moving average is $107.05. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $101.19 and a 52-week high of $112.93. The stock has a market capitalization of $29.00 billion, a P/E ratio of 32.25 and a beta of 0.45.

Hedge Funds Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $35,000. Park National Corp OH purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 1st quarter valued at about $43,000. Finally, Union Savings Bank acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at about $63,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.