iShares iBoxx $ Investment Grade Corporate Bond ETF Target of Unusually Large Options Trading (NYSEARCA:LQD)

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw unusually large options trading on Tuesday. Traders bought 90,717 call options on the stock. This represents an increase of 67% compared to the average daily volume of 54,228 call options.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Thompson Investment Management Inc. raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 95.7% in the first quarter. Thompson Investment Management Inc. now owns 225 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 110 shares during the period. ORG Partners LLC purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at $28,000. PSI Advisors LLC increased its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 81.7% in the second quarter. PSI Advisors LLC now owns 278 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 125 shares during the last quarter. Anfield Capital Management LLC purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at $39,000. Finally, 1620 Investment Advisors Inc. purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at $46,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $113.71 on Wednesday. The stock’s 50 day simple moving average is $110.57 and its 200-day simple moving average is $108.37. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $98.24 and a 1-year high of $113.92.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States.