Stock Traders Buy Large Volume of iShares U.S. Medical Devices ETF Call Options (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) saw some unusual options trading activity on Thursday. Investors purchased 16,053 call options on the stock. This is an increase of approximately 3,143% compared to the average volume of 495 call options.

iShares U.S. Medical Devices ETF Price Performance

Shares of NYSEARCA IHI opened at $48.96 on Friday. iShares U.S. Medical Devices ETF has a 12-month low of $47.37 and a 12-month high of $64.71. The company has a market capitalization of $3.03 billion, a PE ratio of 30.76 and a beta of 0.86. The firm’s 50-day moving average is $51.92 and its two-hundred day moving average is $57.75.

Institutional Trading of iShares U.S. Medical Devices ETF

Several institutional investors and hedge funds have recently modified their holdings of IHI. Smartleaf Asset Management LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 740.0% in the third quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock valued at $25,000 after purchasing an additional 370 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of iShares U.S. Medical Devices ETF by 107.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. FWL Investment Management LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter valued at about $27,000. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at about $29,000. Finally, Group One Trading LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the second quarter valued at approximately $29,000.

iShares U.S. Medical Devices ETF Company Profile

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.