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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw some unusual options trading on Wednesday. Stock investors purchased 471,786 put options on the stock. This represents an increase of 63% compared to the typical volume of 288,654 put options.

Institutional Investors Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 80.3% during the third quarter. Sunbelt Securities Inc. now owns 19,049 shares of the exchange traded fund’s stock worth $1,530,000 after buying an additional 8,486 shares during the last quarter. Mittelman Wealth Management increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 287.6% in the third quarter. Mittelman Wealth Management now owns 25,662 shares of the exchange traded fund’s stock valued at $2,061,000 after buying an additional 19,041 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of 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 valued at $1,241,000 after buying an additional 1,319 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 0.4% in 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. Finally, IHT Wealth Management LLC lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 129.6% during the third 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.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

Shares of NYSEARCA:HYG traded down $1.22 during midday trading on Wednesday, reaching $78.17. 78,473,500 shares of the company’s stock were exchanged, compared to its average volume of 35,863,777. 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 firm’s 50 day simple moving average is $79.53 and its two-hundred day simple moving average is $78.80. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36.

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.