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 some unusual options trading on Wednesday. Traders bought 528,163 put options on the stock. This is an increase of approximately 87% compared to the typical daily volume of 282,924 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

NYSEARCA HYG opened at $79.75 on Thursday. The business has a fifty day moving average price of $79.21 and a two-hundred day moving average price of $79.31. iShares iBoxx $ High Yield Corporate Bond ETF has a fifty-two week low of $75.59 and a fifty-two week high of $80.37. The stock has a market capitalization of $15.22 billion, a PE ratio of 9.60 and a beta of 0.36.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. WR Wealth Planners LLC grew its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% during the 4th quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 132 shares during the period. Lee Danner & Bass Inc. acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth about $79,000. RPg Family Wealth Advisory LLC acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth about $108,000. YANKCOM Partnership acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth about $109,000. Finally, Rosenberg Matthew Hamilton grew its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 39.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,379 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 389 shares during the period.

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.