Investors Purchase Large Volume of Put Options on iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

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

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of HYG. Continuum Advisory LLC lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 9.2% during the third quarter. Continuum Advisory LLC now owns 15,656 shares of the exchange traded fund’s stock worth $1,241,000 after purchasing an additional 1,319 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 0.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 169,472 shares of the exchange traded fund’s stock worth $13,551,000 after buying an additional 602 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 129.6% in the 3rd quarter. IHT Wealth Management LLC now owns 17,279 shares of the exchange traded fund’s stock valued at $1,385,000 after buying an additional 9,752 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 62.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 40,987 shares of the exchange traded fund’s stock valued at $3,291,000 after buying an additional 15,823 shares during the last quarter. Finally, Ironwood Investment Counsel LLC raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 5.5% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 21,636 shares of the exchange traded fund’s stock worth $1,737,000 after acquiring an additional 1,133 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

Shares of HYG traded down $0.01 during midday trading on Friday, reaching $79.23. The stock had a trading volume of 33,709,562 shares, compared to its average volume of 36,393,559. The company has a market cap of $15.12 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. The company’s fifty day simple moving average is $79.58 and its two-hundred day simple moving average is $78.36. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $74.45 and a 1-year high of $80.37.

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.