Traders Buy High Volume of iShares iBoxx $ High Yield Corporate Bond ETF Put Options (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 791,361 put options on the company. This represents an increase of 57% compared to the typical daily volume of 504,511 put options.

Hedge Funds Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 130.8% in the first quarter. NewEdge Advisors LLC now owns 17,128 shares of the exchange traded fund’s stock valued at $1,351,000 after buying an additional 9,708 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 2nd quarter valued at about $121,000. Richardson Financial Services Inc. raised its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 29,412 shares of the exchange traded fund’s stock worth $2,358,000 after acquiring an additional 1,082 shares in the last quarter. J.Safra Asset Management Corp raised its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 5.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 110,764 shares of the exchange traded fund’s stock worth $8,899,000 after acquiring an additional 5,334 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 50.4% during the second quarter. Private Trust Co. NA now owns 8,955 shares of the exchange traded fund’s stock worth $722,000 after purchasing an additional 3,000 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.1%

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $80.53 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $75.08 and a 52-week high of $81.36. The company has a market capitalization of $17.97 billion, a P/E ratio of 10.79 and a beta of 0.41. The company has a 50 day moving average of $80.80 and a 200 day moving average of $80.70.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.