iShares iBoxx $ High Yield Corporate Bond ETF Sees Unusually Large Options Volume (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 472,263 put options on the company. This represents an increase of 53% compared to the average daily volume of 308,718 put options.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the 1st quarter worth approximately $3,022,000. First Horizon Advisors Inc. boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 8.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 7,377 shares of the exchange traded fund’s stock worth $569,000 after purchasing an additional 577 shares during the period. Rosenberg Matthew Hamilton boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 50.9% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 990 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 334 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 149,836 shares of the exchange traded fund’s stock valued at $11,558,000 after buying an additional 1,921 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 77.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,473 shares of the exchange traded fund’s stock valued at $114,000 after buying an additional 641 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

iShares iBoxx $ High Yield Corporate Bond ETF stock traded down $0.17 during midday trading on Thursday, reaching $79.24. The stock had a trading volume of 32,206,111 shares, compared to its average volume of 36,403,246. The firm’s fifty day simple moving average is $79.58 and its two-hundred day simple moving average is $78.34. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $74.43 and a twelve month high of $80.37. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36.

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.