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

by · The Markets Daily

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Get Free Report) was the recipient of some unusual options trading on Friday. Stock traders purchased 387,977 put options on the company. This is an increase of approximately 33% compared to the average volume of 290,790 put options.

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

HYG opened at $79.39 on Friday. The firm has a market capitalization of $15.15 billion, a P/E ratio of 9.60 and a beta of 0.36. The stock’s 50 day moving average price is $79.23 and its two-hundred day moving average price is $79.00. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $75.59 and a 12-month high of $80.37.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the company. Union Savings Bank bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth approximately $137,000. City Holding Co. lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 11.9% in the 4th quarter. City Holding Co. now owns 19,244 shares of the exchange traded fund’s stock worth $1,513,000 after acquiring an additional 2,051 shares during the period. Financial Management Professionals Inc. lifted its position 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 acquiring an additional 342 shares during the period. Arkadios Wealth Advisors lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.2% in the 4th quarter. Arkadios Wealth Advisors now owns 16,008 shares of the exchange traded fund’s stock worth $1,259,000 after acquiring an additional 348 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 82.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,879 shares of the exchange traded fund’s stock worth $226,000 after acquiring an additional 1,303 shares during the period.

About iShares iBoxx $ High Yield Corporate Bond ETF

(Get Free Report)

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.

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