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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of some unusual options trading on Friday. Stock investors bought 633,473 put options on the company. This is an increase of approximately 68% compared to the typical daily volume of 377,006 put options.

Hedge Funds Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Tennessee Department of Treasury boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 67.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 2,330,908 shares of the exchange traded fund’s stock valued at $183,326,000 after buying an additional 940,923 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 50.0% in the third quarter. JPMorgan Chase & Co. now owns 1,842,486 shares of the exchange traded fund’s stock valued at $147,952,000 after acquiring an additional 614,400 shares during the period. Deseret Mutual Benefit Administrators bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at approximately $17,820,000. Allstate Corp increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 61.7% in the 4th quarter. Allstate Corp now owns 564,114 shares of the exchange traded fund’s stock worth $44,368,000 after purchasing an additional 215,168 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter worth about $5,672,000.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.2 %

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $78.80 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $75.59 and a 12-month high of $80.37. The company has a market cap of $15.28 billion, a price-to-earnings ratio of 10.89 and a beta of 0.46. The company’s 50-day moving average price is $79.49 and its 200-day moving average price is $79.43.

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.