Stock Traders Buy 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 target of some unusual options trading on Wednesday. Investors purchased 471,786 put options on the company. This is an increase of approximately 63% compared to the average volume of 288,654 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA:HYG opened at $78.09 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $75.59 and a 52-week high of $80.37. The company has a market cap of $14.90 billion, a P/E ratio of 9.60 and a beta of 0.36. The stock’s 50-day simple moving average is $79.48 and its 200 day simple moving average is $78.79.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 50.9% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 990 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 334 shares during the period. Whittier Trust Co. raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 13.4% in the second quarter. Whittier Trust Co. now owns 15,816 shares of the exchange traded fund’s stock valued at $1,220,000 after buying an additional 1,867 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 77.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,473 shares of the exchange traded fund’s stock valued at $114,000 after buying an additional 641 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 27.1% in the second quarter. Arkadios Wealth Advisors now owns 14,334 shares of the exchange traded fund’s stock valued at $1,106,000 after buying an additional 3,057 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 40.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 18,100 shares of the exchange traded fund’s stock worth $1,396,000 after acquiring an additional 5,200 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.