Stock Traders Buy High Volume of Put Options on iShares U.S. Home Construction ETF (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 33,804 put options on the stock. This is an increase of approximately 182% compared to the typical volume of 11,976 put options.

iShares U.S. Home Construction ETF Price Performance

Shares of ITB traded down $4.47 during mid-day trading on Tuesday, reaching $124.87. The company had a trading volume of 2,256,867 shares. The company has a market capitalization of $3.17 billion, a P/E ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56. The company’s 50-day moving average is $122.22 and its 200-day moving average is $112.28.

Institutional Investors Weigh In On iShares U.S. Home Construction ETF

Several institutional investors and hedge funds have recently made changes to their positions in ITB. Fisher Asset Management LLC bought a new stake in iShares U.S. Home Construction ETF during the 4th quarter worth approximately $342,000. PNC Financial Services Group Inc. grew its holdings in iShares U.S. Home Construction ETF by 4.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,759 shares of the exchange traded fund’s stock worth $382,000 after acquiring an additional 164 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of iShares U.S. Home Construction ETF by 17.2% during the first quarter. AdvisorNet Financial Inc now owns 4,296 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 631 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the first quarter valued at approximately $10,560,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of iShares U.S. Home Construction ETF by 432.5% in the first quarter. Sunbelt Securities Inc. now owns 5,463 shares of the exchange traded fund’s stock valued at $632,000 after purchasing an additional 4,437 shares in the last quarter.

iShares U.S. Home Construction ETF Company Profile

iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index). The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes.