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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) 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.