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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the target of some unusual options trading on Wednesday. Traders acquired 528,163 put options on the company. This represents an increase of approximately 87% compared to the average volume of 282,924 put options.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in HYG. WR Wealth Planners LLC boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% in the 4th quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth approximately $79,000. RPg Family Wealth Advisory LLC bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the third quarter valued at approximately $108,000. YANKCOM Partnership acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at approximately $109,000. Finally, Rosenberg Matthew Hamilton lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 39.3% during the third quarter. Rosenberg Matthew Hamilton now owns 1,379 shares of the exchange traded fund’s stock worth $111,000 after purchasing an additional 389 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

HYG stock opened at $79.69 on Wednesday. The company has a fifty day moving average price of $79.22 and a two-hundred day moving average price of $79.30. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.59 and a one year high of $80.37.

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.