Investors Purchase High Volume of Put Options on iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) saw unusually large options trading activity on Monday. Investors bought 20,198 put options on the company. This represents an increase of approximately 524% compared to the average daily volume of 3,237 put options.

Hedge Funds Weigh In On iShares U.S. Medical Devices ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IHI. Integrated Wealth Concepts LLC boosted its holdings in iShares U.S. Medical Devices ETF by 22.4% during the first quarter. Integrated Wealth Concepts LLC now owns 9,345 shares of the company’s stock worth $562,000 after buying an additional 1,710 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of iShares U.S. Medical Devices ETF by 46.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock valued at $25,710,000 after acquiring an additional 135,927 shares during the period. Russell Investments Group Ltd. lifted its position in shares of iShares U.S. Medical Devices ETF by 15.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock valued at $82,000 after acquiring an additional 177 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of iShares U.S. Medical Devices ETF by 16.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 158,077 shares of the company’s stock worth $9,902,000 after acquiring an additional 22,052 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 188.6% during the 2nd quarter. Jane Street Group LLC now owns 55,569 shares of the company’s stock worth $3,481,000 after acquiring an additional 36,312 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Up 1.0%

IHI stock traded up $0.53 on Monday, reaching $54.91. 1,005,078 shares of the company’s stock were exchanged, compared to its average volume of 2,539,726. The stock has a fifty day moving average of $50.75 and a 200-day moving average of $53.48. The firm has a market cap of $3.41 billion, a PE ratio of 30.76 and a beta of 0.81. iShares U.S. Medical Devices ETF has a twelve month low of $47.37 and a twelve month high of $64.71.

About iShares U.S. Medical Devices ETF

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.