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 target of some unusual options trading activity on Wednesday. Investors bought 9,674 put options on the company. This is an increase of 51% compared to the typical daily volume of 6,395 put options.

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

Several institutional investors have recently made changes to their positions in the stock. Oxinas Partners Wealth Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter worth about $395,000. M&T Bank Corp boosted its position in shares of iShares U.S. Home Construction ETF by 187.1% in the 4th quarter. M&T Bank Corp now owns 26,969 shares of the exchange traded fund’s stock worth $1,617,000 after buying an additional 17,576 shares in the last quarter. Farmers Trust Co. purchased a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter worth about $202,000. Gallagher Benefit Services Inc. purchased a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth about $481,000. Finally, Cora Capital Advisors LLC acquired a new position in iShares U.S. Home Construction ETF in the 4th quarter valued at about $480,000.

iShares U.S. Home Construction ETF Price Performance

BATS:ITB opened at $86.04 on Thursday. The firm’s fifty day moving average price is $85.89 and its 200 day moving average price is $77.05. iShares U.S. Home Construction ETF has a 1-year low of $31.19 and a 1-year high of $46.56. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 7.49 and a beta of 1.36.

About iShares U.S. Home Construction ETF

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.