iShares U.S. Transportation ETF Target of Unusually Large Options Trading (BATS:IYT)

iShares U.S. Transportation ETF (BATS:IYT) saw some unusual options trading on Friday. Investors purchased 2,817 put options on the stock. This is an increase of 399% compared to the average volume of 564 put options.

Hedge Funds Weigh In On iShares U.S. Transportation ETF

Several institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of iShares U.S. Transportation ETF in the second quarter valued at approximately $25,000. Highlander Capital Management LLC grew its stake in shares of iShares U.S. Transportation ETF by 300.0% in the first quarter. Highlander Capital Management LLC now owns 400 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 300 shares in the last quarter. Delos Wealth Advisors LLC increased its position in shares of iShares U.S. Transportation ETF by 264.9% during the first quarter. Delos Wealth Advisors LLC now owns 416 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 302 shares during the period. Norwood Financial Corp raised its stake in shares of iShares U.S. Transportation ETF by 300.0% in the first quarter. Norwood Financial Corp now owns 500 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 375 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in iShares U.S. Transportation ETF in the second quarter valued at $44,000.

iShares U.S. Transportation ETF Stock Performance

IYT stock traded down $1.07 during midday trading on Friday, reaching $66.03. The stock had a trading volume of 371,131 shares. The stock has a market cap of $901.31 million, a PE ratio of 4.53 and a beta of 1.11. iShares U.S. Transportation ETF has a 52-week low of $157.65 and a 52-week high of $206.73. The firm has a fifty day simple moving average of $65.34 and a two-hundred day simple moving average of $66.40.

iShares U.S. Transportation ETF Company Profile

iShares Transportation Average ETF (the Fund), formerly iShares Dow Jones Transportation Average Index Fund, is an exchange-traded fund (ETF). The Fund seek investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index.