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

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 28,131 put options on the stock. This represents an increase of approximately 186% compared to the typical daily volume of 9,827 put options.

iShares U.S. Home Construction ETF Trading Down 2.2 %

BATS ITB opened at $102.95 on Friday. The business’s 50 day moving average is $107.02 and its two-hundred day moving average is $115.92. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Golden State Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter valued at approximately $28,000. Larson Financial Group LLC lifted its stake in shares of iShares U.S. Home Construction ETF by 3,425.0% in the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 274 shares during the last quarter. Blue Trust Inc. acquired a new position in iShares U.S. Home Construction ETF during the 3rd quarter worth $37,000. Flagship Wealth Advisors LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter valued at about $37,000. Finally, Redwood Park Advisors LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter valued at about $39,000.

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.