iShares iBoxx $ High Yield Corporate Bond ETF Sees Unusually High Options Volume (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the target of unusually large options trading activity on Thursday. Traders purchased 627,861 put options on the company. This represents an increase of approximately 96% compared to the typical volume of 321,075 put options.

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

Several institutional investors have recently bought and sold shares of the company. Jump Financial LLC raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 335.3% in the fourth quarter. Jump Financial LLC now owns 720,900 shares of the exchange traded fund’s stock valued at $58,126,000 after buying an additional 1,027,275 shares during the period. Ameriprise Financial Inc. grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock worth $147,320,000 after acquiring an additional 282,574 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 142.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 420,126 shares of the exchange traded fund’s stock worth $33,875,000 after acquiring an additional 246,871 shares during the period. iA Global Asset Management Inc. increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 16.8% in the 4th quarter. iA Global Asset Management Inc. now owns 1,300,125 shares of the exchange traded fund’s stock worth $104,829,000 after acquiring an additional 186,734 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth about $11,982,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

HYG traded down $0.36 during midday trading on Thursday, reaching $78.62. The company had a trading volume of 53,377,637 shares, compared to its average volume of 40,943,129. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $78.57 and a 12-month high of $81.36. The business has a 50-day moving average price of $79.52 and a two-hundred day moving average price of $79.78. The stock has a market cap of $16.44 billion, a PE ratio of 10.79 and a beta of 0.39.

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