iShares iBoxx $ High Yield Corporate Bond ETF Target of Unusually Large Options Trading (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw some unusual options trading on Thursday. Stock investors bought 472,263 put options on the company. This is an increase of 53% compared to the typical volume of 308,718 put options.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in HYG. Viewpoint Capital Management LLC purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter valued at $28,000. Anfield Capital Management LLC lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 46.7% in the second quarter. Anfield Capital Management LLC now owns 465 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 148 shares during the period. Pathway Financial Advisers LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the first quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the second quarter valued at about $70,000. Finally, Rosenberg Matthew Hamilton raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 50.9% in the second quarter. Rosenberg Matthew Hamilton now owns 990 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 334 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock traded down $0.08 during trading hours on Friday, reaching $79.16. The company had a trading volume of 3,467,628 shares, compared to its average volume of 36,250,211. The business has a fifty day simple moving average of $79.58 and a 200 day simple moving average of $78.34. The firm has a market cap of $15.10 billion, a PE ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $74.45 and a one year high of $80.37.

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.