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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 711,759 put options on the stock. This represents an increase of 40% compared to the average volume of 509,086 put options.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the business. Triumph Capital Management purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth approximately $38,000. ST Germain D J Co. Inc. boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 207.7% in the second quarter. ST Germain D J Co. Inc. now owns 480 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 324 shares during the period. Root Financial Partners LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter valued at $40,000. FNY Investment Advisers LLC acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the second quarter valued at $48,000. Finally, First PREMIER Bank raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 12,840.0% during the third quarter. First PREMIER Bank now owns 647 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 642 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.3%

NYSEARCA:HYG opened at $80.78 on Friday. The company has a 50-day moving average of $80.59 and a 200-day moving average of $80.46. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $75.08 and a twelve month high of $81.36.

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.