iShares U.S. Home Construction ETF Target of Unusually Large Options Trading (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 11,855 put options on the stock. This is an increase of 276% compared to the average volume of 3,153 put options.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

Several institutional investors have recently bought and sold shares of the business. Empowered Funds LLC increased its stake in shares of iShares U.S. Home Construction ETF by 168.8% in the first quarter. Empowered Funds LLC now owns 12,719 shares of the exchange traded fund’s stock valued at $1,211,000 after buying an additional 7,987 shares in the last quarter. Cerity Partners LLC grew its holdings in iShares U.S. Home Construction ETF by 125.0% during the 2nd quarter. Cerity Partners LLC now owns 5,556 shares of the exchange traded fund’s stock worth $518,000 after acquiring an additional 3,087 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the 2nd quarter worth about $29,000. Jupiter Wealth Management LLC acquired a new stake in iShares U.S. Home Construction ETF in the 2nd quarter valued at about $932,000. Finally, Ameriprise Financial Inc. increased its position in iShares U.S. Home Construction ETF by 83.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 137,643 shares of the exchange traded fund’s stock valued at $12,829,000 after acquiring an additional 62,785 shares in the last quarter.

iShares U.S. Home Construction ETF Price Performance

Shares of BATS:ITB traded down $2.22 during trading on Thursday, reaching $88.09. The stock had a trading volume of 1,351,701 shares, compared to its average volume of 2,456,952. iShares U.S. Home Construction ETF has a 52 week low of $84.98 and a 52 week high of $116.06. The business’s 50-day moving average price is $97.13 and its 200 day moving average price is $96.23. The stock has a market capitalization of $2.03 billion, a PE ratio of 10.18 and a beta of 1.31.

About iShares U.S. Home Construction ETF

iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index). The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.