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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw unusually large options trading on Thursday. Stock traders acquired 791,361 put options on the company. This is an increase of approximately 57% compared to the average daily volume of 504,511 put options.

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

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 255.8% in the second quarter. JPMorgan Chase & Co. now owns 10,234,868 shares of the exchange traded fund’s stock valued at $825,442,000 after purchasing an additional 7,358,059 shares during the period. BNP Paribas lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 296.1% in the 2nd quarter. BNP Paribas now owns 4,535,242 shares of the exchange traded fund’s stock valued at $365,767,000 after buying an additional 3,390,278 shares in the last quarter. Allstate Corp boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 823.6% in the 3rd quarter. Allstate Corp now owns 3,083,249 shares of the exchange traded fund’s stock worth $250,329,000 after buying an additional 2,749,404 shares during the last quarter. SG Americas Securities LLC increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 1,615.2% during the 2nd quarter. SG Americas Securities LLC now owns 430,874 shares of the exchange traded fund’s stock worth $34,750,000 after buying an additional 405,753 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in 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 buying an additional 282,574 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.3%

Shares of HYG opened at $80.81 on Friday. The firm has a market cap of $18.04 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 stock’s 50 day moving average is $80.79 and its two-hundred day moving average is $80.70.

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.