iShares U.S. Home Construction ETF Target of Unusually High Options Trading (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) saw some unusual options trading on Wednesday. Stock investors purchased 56,751 put options on the stock. This is an increase of 658% compared to the typical daily volume of 7,488 put options.

iShares U.S. Home Construction ETF Stock Performance

BATS ITB opened at $104.55 on Thursday. The stock has a market cap of $2.66 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56. The firm has a 50-day simple moving average of $108.45 and a 200 day simple moving average of $101.78.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in ITB. Morgan Stanley lifted its position in iShares U.S. Home Construction ETF by 143.0% during the 3rd quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock worth $288,356,000 after buying an additional 2,162,171 shares in the last quarter. Modera Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF in the 3rd quarter valued at about $62,778,000. Barclays PLC grew its stake in iShares U.S. Home Construction ETF by 57,285.6% in the 3rd quarter. Barclays PLC now owns 700,104 shares of the exchange traded fund’s stock valued at $54,951,000 after buying an additional 698,884 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of iShares U.S. Home Construction ETF by 56.8% during the first quarter. BNP Paribas Financial Markets now owns 1,714,182 shares of the exchange traded fund’s stock worth $198,451,000 after purchasing an additional 621,078 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter worth approximately $61,246,000.

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.