Stock Traders Buy Large Volume of Put Options on iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw unusually large options trading on Thursday. Investors acquired 711,759 put options on the stock. This is an increase of approximately 40% compared to the average daily volume of 509,086 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA HYG traded up $0.22 during trading on Thursday, hitting $80.78. 51,604,991 shares of the company’s stock traded hands, compared to its average volume of 41,167,480. The stock has a market capitalization of $19.11 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $75.08 and a 12-month high of $81.36. The business has a 50 day moving average of $80.59 and a 200-day moving average of $80.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Triumph Capital Management bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter valued at $38,000. ST Germain D J Co. Inc. increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 207.7% in the 2nd quarter. ST Germain D J Co. Inc. now owns 480 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 324 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at about $40,000. FNY Investment Advisers LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter valued at about $48,000. Finally, First PREMIER Bank boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 12,840.0% during the 3rd quarter. First PREMIER Bank now owns 647 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 642 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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.