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 unusually large options trading on Friday. Investors acquired 633,473 put options on the stock. This is an increase of approximately 68% compared to the average daily volume of 377,006 put options.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HYG. Copia Wealth Management bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at $641,000. Park Square Financial Group LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth about $4,740,000. Pinnacle Wealth Planning Services Inc. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 264.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 11,624 shares of the exchange traded fund’s stock valued at $914,000 after purchasing an additional 8,436 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter valued at about $250,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth approximately $3,946,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.2 %

NYSEARCA HYG opened at $78.80 on Friday. The company has a market cap of $15.28 billion, a PE ratio of 10.89 and a beta of 0.46. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $75.59 and a 52 week high of $80.37. The firm’s 50-day simple moving average is $79.49 and its two-hundred day simple moving average is $79.43.

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.