iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Stock Sees Unusually High Put Option Buying

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) was the recipient of unusually large options trading on Thursday. Stock investors bought 35,176 put options on the stock. This is an increase of approximately 324% compared to the typical volume of 8,287 put options.

iShares U.S. Medical Devices ETF Trading Down 0.8%

IHI stock opened at $51.34 on Friday. The stock has a market capitalization of $3.46 billion, a P/E ratio of 30.76 and a beta of 0.81. iShares U.S. Medical Devices ETF has a 12 month low of $47.37 and a 12 month high of $64.71. The firm has a 50-day moving average price of $53.29 and a 200-day moving average price of $52.19.

Hedge Funds Weigh In On iShares U.S. Medical Devices ETF

Institutional investors have recently added to or reduced their stakes in the stock. Modus Advisors LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth $30,000. Scarborough Advisors LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 1st quarter valued at $32,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in iShares U.S. Medical Devices ETF during the 4th quarter worth $35,000. RMG Wealth Management LLC bought a new stake in iShares U.S. Medical Devices ETF during the 1st quarter worth $35,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in iShares U.S. Medical Devices ETF in the 1st quarter worth about $53,000.

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.