Traders Purchase High Volume of iShares iBoxx $ High Yield Corporate Bond ETF Put Options (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw some unusual options trading activity on Monday. Stock investors bought 564,601 put options on the stock. This represents an increase of approximately 18% compared to the typical daily volume of 477,370 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Up 0.0%

Shares of HYG stock opened at $80.90 on Wednesday. The company has a market capitalization of $20.12 billion, a P/E ratio of 10.79 and a beta of 0.41. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $75.08 and a 12-month high of $81.36. The firm has a 50-day moving average price of $80.56 and a 200 day moving average price of $80.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HYG. Cary Street Partners Financial LLC increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 3.3% during the 2nd quarter. Cary Street Partners Financial LLC now owns 4,077 shares of the exchange traded fund’s stock valued at $329,000 after purchasing an additional 129 shares in the last quarter. Citizens & Northern Corp grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.7% during the second quarter. Citizens & Northern Corp now owns 7,019 shares of the exchange traded fund’s stock worth $566,000 after purchasing an additional 182 shares during the last quarter. Providence First Trust Co grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 7.3% during the third quarter. Providence First Trust Co now owns 2,721 shares of the exchange traded fund’s stock worth $221,000 after purchasing an additional 186 shares during the last quarter. WASHINGTON TRUST Co increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.6% in the second quarter. WASHINGTON TRUST Co now owns 11,650 shares of the exchange traded fund’s stock valued at $940,000 after buying an additional 188 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 207.7% in the second quarter. ST Germain D J Co. Inc. now owns 480 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 324 shares during the last quarter.

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.