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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Get Rating) was the recipient of unusually large options trading on Friday. Stock traders purchased 660,367 put options on the stock. This represents an increase of 55% compared to the typical volume of 425,904 put options.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amarillo National Bank boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 7.1% in the third quarter. Amarillo National Bank now owns 142,056 shares of the exchange traded fund’s stock valued at $10,141,000 after acquiring an additional 9,466 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 21.9% during the 3rd quarter. Westside Investment Management Inc. now owns 3,900 shares of the exchange traded fund’s stock worth $103,689,000 after purchasing an additional 700 shares during the last quarter. Fifth Third Securities Inc. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.0% during the 3rd quarter. Fifth Third Securities Inc. now owns 56,354 shares of the exchange traded fund’s stock worth $4,023,000 after purchasing an additional 534 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 57.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 651,396 shares of the exchange traded fund’s stock worth $47,949,000 after purchasing an additional 238,579 shares during the last quarter. Finally, Boenning & Scattergood Inc. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 8.5% during the 3rd quarter. Boenning & Scattergood Inc. now owns 4,602 shares of the exchange traded fund’s stock worth $329,000 after purchasing an additional 362 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA:HYG opened at $73.44 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $70.40 and a twelve month high of $82.86. The business has a fifty day moving average of $75.24 and a 200-day moving average of $74.36.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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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.