Traders Buy Large Volume of iShares U.S. Home Construction ETF Put Options (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of unusually large options trading on Thursday. Stock investors bought 23,269 put options on the company. This is an increase of 171% compared to the typical volume of 8,581 put options.

iShares U.S. Home Construction ETF Trading Down 2.6 %

Shares of iShares U.S. Home Construction ETF stock opened at $103.41 on Friday. The company has a market capitalization of $2.63 billion, a P/E ratio of 11.56 and a beta of 1.41. The stock has a fifty day simple moving average of $120.20 and a 200 day simple moving average of $115.96. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

A number of hedge funds have recently bought and sold shares of ITB. Blue Trust Inc. bought a new position in shares of iShares U.S. Home Construction ETF during the third quarter valued at about $37,000. Sigma Planning Corp lifted its position in shares of iShares U.S. Home Construction ETF by 49.0% during the 3rd quarter. Sigma Planning Corp now owns 9,475 shares of the exchange traded fund’s stock worth $1,204,000 after buying an additional 3,117 shares in the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $210,000. PFG Advisors boosted its stake in shares of iShares U.S. Home Construction ETF by 8.9% in the 2nd quarter. PFG Advisors now owns 16,926 shares of the exchange traded fund’s stock worth $1,711,000 after buying an additional 1,384 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in shares of iShares U.S. Home Construction ETF in the second quarter valued at approximately $3,538,000.

About iShares U.S. Home Construction ETF

iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index). The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes.