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 target of some unusual options trading on Thursday. Stock traders purchased 791,361 put options on the company. This represents an increase of approximately 57% compared to the average daily volume of 504,511 put options.

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

HYG stock traded down $0.14 during mid-day trading on Thursday, reaching $80.48. The company had a trading volume of 47,781,519 shares, compared to its average volume of 36,933,223. The stock has a market capitalization of $17.96 billion, a P/E ratio of 10.79 and a beta of 0.41. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.08 and a one year high of $81.36. The stock’s 50-day simple moving average is $80.80 and its two-hundred day simple moving average is $80.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Triumph Capital Management acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at about $38,000. High Point Wealth Management LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth approximately $38,000. Root Financial Partners LLC acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter valued at approximately $40,000. FNY Investment Advisers LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the second quarter worth approximately $48,000. Finally, First PREMIER Bank grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 12,840.0% in the third quarter. First PREMIER Bank now owns 647 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 642 shares during the last quarter.

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.