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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of unusually large options trading on Friday. Investors bought 793,750 put options on the company. This represents an increase of approximately 50% compared to the typical volume of 528,810 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA:HYG opened at $78.92 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a fifty-two week low of $75.08 and a fifty-two week high of $81.36. The stock’s fifty day moving average is $80.58 and its 200 day moving average is $80.67. The firm has a market capitalization of $17.61 billion, a PE ratio of 10.79 and a beta of 0.41.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Elyxium Wealth LLC purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth approximately $32,000. Triumph Capital Management purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter valued at approximately $38,000. High Point Wealth Management LLC acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at $38,000. Root Financial Partners LLC purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter worth $40,000. Finally, First PREMIER Bank raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 12,840.0% during the third quarter. First PREMIER Bank now owns 647 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 642 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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.