iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Stock Sees Unusually High Put Option Buying

by · The Markets Daily

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock traders acquired 561,308 put options on the stock. This is an increase of approximately 63% compared to the average volume of 345,299 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

iShares iBoxx $ High Yield Corporate Bond ETF stock traded down $0.03 during mid-day trading on Friday, hitting $77.86. 56,600,629 shares of the company traded hands, compared to its average volume of 41,344,762. The stock has a fifty day moving average price of $79.27 and a 200-day moving average price of $79.64. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 10.79 and a beta of 0.39. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $77.67 and a one year high of $81.33.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HYG. iA Global Asset Management Inc. raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.9% during the first quarter. iA Global Asset Management Inc. now owns 1,350,820 shares of the exchange traded fund’s stock valued at $107,471,000 after acquiring an additional 50,695 shares in the last quarter. Stairway Partners LLC lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 9.0% in the 2nd quarter. Stairway Partners LLC now owns 355,328 shares of the exchange traded fund’s stock valued at $28,416,000 after acquiring an additional 29,299 shares in the last quarter. Amarillo National Bank raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.0% during the first quarter. Amarillo National Bank now owns 215,898 shares of the exchange traded fund’s stock valued at $17,177,000 after purchasing an additional 2,080 shares during the last quarter. Acasta Partners UK LLP lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 95.4% during the 2nd quarter. Acasta Partners UK LLP now owns 198,841 shares of the exchange traded fund’s stock valued at $15,901,000 after buying an additional 97,104 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 0.7% in the first quarter. Parallel Advisors LLC now owns 157,497 shares of the exchange traded fund’s stock worth $12,531,000 after buying an additional 1,092 shares during the last quarter.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.

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