Traders Buy High Volume of iShares iBoxx $ High Yield Corporate Bond ETF Put Options (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the target of unusually large options trading activity on Friday. Traders acquired 387,977 put options on the stock. This is an increase of approximately 33% compared to the typical volume of 290,790 put options.

Institutional Investors Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in HYG. Nations Financial Group Inc. IA ADV raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 1.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 19,885 shares of the exchange traded fund’s stock worth $1,597,000 after acquiring an additional 212 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 12.6% in the 4th quarter. Financial Management Professionals Inc. now owns 3,066 shares of the exchange traded fund’s stock worth $241,000 after purchasing an additional 342 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 2.2% during the fourth quarter. Arkadios Wealth Advisors now owns 16,008 shares of the exchange traded fund’s stock valued at $1,259,000 after purchasing an additional 348 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 39.3% during the third quarter. Rosenberg Matthew Hamilton now owns 1,379 shares of the exchange traded fund’s stock worth $111,000 after buying an additional 389 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 30.5% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 2,486 shares of the exchange traded fund’s stock worth $200,000 after buying an additional 581 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.1 %

Shares of NYSEARCA:HYG opened at $79.46 on Friday. The company has a 50 day moving average of $79.22 and a 200-day moving average of $79.03. The firm has a market cap of $15.16 billion, a P/E ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $75.59 and a twelve month high of $80.37.

About iShares iBoxx $ High Yield Corporate Bond ETF

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.