iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Get Free Report) was the target of some unusual options trading activity on Friday. Traders bought 466,292 put options on the stock. This represents an increase of approximately 59% compared to the typical volume of 294,173 put options.
iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.3 %
Shares of NYSEARCA:HYG opened at $77.70 on Friday. The firm has a 50 day moving average of $77.48 and a 200 day moving average of $77.21. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $71.68 and a 52 week high of $78.60.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in HYG. NYL Investors LLC lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 6.8% during the 4th quarter. NYL Investors LLC now owns 8,312,500 shares of the exchange traded fund’s stock worth $643,304,000 after purchasing an additional 532,000 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 9,507.1% during the second quarter. SG Americas Securities LLC now owns 504,755 shares of the exchange traded fund’s stock valued at $38,937,000 after buying an additional 499,501 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 188.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 245,255 shares of the exchange traded fund’s stock valued at $18,980,000 after buying an additional 160,327 shares in the last quarter. Hikari Tsushin Inc. bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at about $9,800,000. Finally, Prime Capital Investment Advisors LLC grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 729.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 123,269 shares of the exchange traded fund’s stock worth $9,540,000 after buying an additional 108,416 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.
Featured Stories
- Five stocks we like better than iShares iBoxx $ High Yield Corporate Bond ETF
- Why Invest in High-Yield Dividend Stocks?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- What is the S&P/TSX Index?
- Intel Loses a Quarter of Its Value After Horrible Earnings Report
Receive News & Ratings for iShares iBoxx $ High Yield Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares iBoxx $ High Yield Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.